Piper Sandler raised the firm’s price target on Akamai (AKAM) to $86 from $83 and keeps a Neutral rating on the shares following quarterly results. The firm notes Akamai had a good print that was led by delivery as it previewed, but more importantly, is having traction in CIS with some large customers. The narrative is building here, but Piper says it would rather see more evidence before becoming more constructive.
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