Akamai price target raised to $100 from $92 at RBC Capital

RBC Capital raised the firm’s price target on Akamai to $100 from $92 and keeps a Sector Perform rating on the shares. The company reported “solid” Q2 earnings with higher margins and slightly raised guidance, the analyst tells investors in a research note. Akamai’s Security and Compute segments now contribute two thirds of total revenue, while its Delivery segment has also “stabilized”, RBC added.