A10 Networks price target raised to $30 from $22 at BTIG

BTIG raised the firm’s price target on A10 Networks (ATEN) to $30 from $22 and keeps a Buy rating on the shares after its very strong Q1 results. The company is benefiting from an AI infrastructure buildout cycle and increased traffic volumes which increases the importance of latency, throughput, and concurrency within network architectures. In short, we think customers are buying more capacity because AI traffic and attack volumes are rapidly increasing and driving refresh activity, the analyst tells investors in a research note.