Akamai price target raised to $113 from $93 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Akamai to $113 from $93 and keeps an Overweight rating on the shares post the Q2 report. The quarter showed a security re-acceleration at a larger magnitude than expected and the company’s bookings remain at elevated levels into the second half of 2023, the analyst tells investors in a research note.