Akamai price target lowered to $107 from $115 at Scotiabank

Scotiabank lowered the firm’s price target on Akamai (AKAM) to $107 from $115 and keeps an Outperform rating on the shares. The firm reiterates its rating following positive Q4 results, but FY25 guidance that was a “letdown,” the analyst tells investors. Scotiabank continues to believe the company’s Security and Edge Compute will total nearly 75% of revenue by the exit of 2025 and sees limited downside given the multi-year lows to the stock’s valuation.