DA Davidson lowers Akamai price target to $150, keeps Buy, after $11.6B Anthropic deal

DA Davidson maintained its Buy rating on Akamai but lowered its price target to $150, following the company's $11.6B Anthropic deal. Morgan Stanley (Overweight, $165 PT) and Piper Sandler (Overweight, $158 PT) had adjusted targets earlier; Morgan Stanley sees 2027 revenue growth rising from 12.5% to 16%.

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