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Akamai Shares Rise 5.3% as Citigroup Lowers Price Target to $122

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Sig1.50Sen+1.45Env0.00Soc0.00Gov0.00

Akamai rose 5.3% to $111.22 despite Citigroup cutting its price target from $160 to $122 while keeping a Neutral rating. The $160-to-$122 cut signals a sizable retreat in expectations for Akamai’s content delivery and cloud services, yet investor buying suggests the stock may already price in near-term headwinds.

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