Citigroup Maintains Neutral on Akamai Techs, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Neutral rating on Akamai Technologies (AKAM) and lowers the price target from $140 to $117.
April 25, 2024 | 10:33 pm
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Citigroup maintains a Neutral rating on Akamai Technologies and lowers the price target from $140 to $117.
The reduction in price target by Citigroup, a major financial institution, suggests a revised outlook on Akamai Technologies' stock value, potentially due to updated financial analysis or market conditions. This adjustment is likely to influence investor sentiment and could lead to a short-term decrease in stock price, reflecting the lowered expectations.
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