Morgan Stanley reaffirmed its “Overweight” rating on Akamai (AKAM) stock and maintained its price target of $165, which is approximately 48% above Akamai’s current share price. Although Akamai’s stock price has recently fallen 31% from its all-time high, the firm’s analysts believe the company’s long-term growth story in the AI infrastructure sector remains intact. Morgan Stanley slightly lowered its full-year 2026 revenue forecast for Akamai, primarily due to weak performance in its traditional content delivery business, but emphasized that the company has signed a seven-year, $1.8 billion contract with a leading cutting-edge model provider, highlighting its value in the AI era.