Akamai Technologies Acquires Select Customer Contracts from Lumen

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Akamai Technologies (AKAM) Mentioned Positively at Citi, PT Raised to $112

October 11, 2023 4:13 PM EDT

Citi analyst Fatima Boolani raised the price target on Akamai Technologies (NASDAQ: AKAM) to $112.00 (from $105.00) while maintaining a Neutral rating.

The analyst comments "

We are positive on AKAM acquiring select Lumen CDN customer contracts and see this development stabilizing and perhaps even reversing... More