RBC Capital raised the firm’s price target on Akamai (AKAM) to $100 from $90 and keeps a Sector Perform rating on the shares. The company reported solid results and the firm was pleased to see continued CIS and AI Inference momentum, as well as solid growth for Akamai’s Guardicore and API Security offerings, the analyst tells investors in a research note.
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Read More on AKAM:
- Akamai price target lowered to $100 from $104 at TD Cowen
- Akamai price target raised to $120 from $105 at Susquehanna
- Balanced Risk-Reward Amid Strong Execution and Rising AI Investment: Why Akamai Merits a Hold Rating
- Akamai price target raised to $115 from $105 at Evercore ISI
- Akamai price target raised to $110 from $90 at Baird