Akamai price target raised to $80 from $75 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on Akamai (AKAM) to $80 from $75 and keeps a Sector Perform rating on the shares. The company reported mixed results, with noisy trends across the underlying businesses while Delivery showed signs of improvement, the analyst tells investors in a research note. With the underlying business going through a shift, the firm remains cautious on the near-term outlook, but also believes that risk-reward on the stock remains balanced.