Morgan Stanley Maintains Equal-Weight on Akamai Techs, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Akamai Technologies (AKAM) and lowers the price target from $117 to $106.

May 10, 2024 | 3:31 pm
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Morgan Stanley has maintained its Equal-Weight rating on Akamai Technologies but reduced the price target from $117 to $106, indicating a cautious but not bearish outlook.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment, potentially leading to short-term price adjustments. However, the maintenance of an Equal-Weight rating suggests that the firm does not foresee significant downside or upside, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100