Akamai upgraded to Buy at Craig-Hallum on expected organic growth acceleration

Craig-Hallum upgraded Akamai to Buy from Hold with a price target of $125, up from $110. Top line growth appears poised to bottom in Q3 and accelerate into the mid to upper single digits in FY25, says the analyst, who believes that the company will see improving non-SAAP operating margins as well given a mix shift to higher growth businesses.