Cybersecurity Stock Pops on Rare Double Upgrade
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Morgan Stanley upgraded Akamai Technologies Inc (NASDAQ:AKAM) to "overweight" from "underweight," leading to a 5.6% increase in shares, trading at $93.09. The price target was raised to $115 from $83 due to low valuation and growth prospects. Despite a previous 21.7% drop post-earnings, today's gains have broken above the $92 level. Increased options activity is noted, with the January 16, 2026, 97.50-strike call being the most popular. Short interest is at 8.5%, indicating potential short covering.
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