Akamai price target raised to $118 from $100 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the firm’s price target on Akamai to $118 from $100 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat and guidance raise across the board, as Security is now expected to be up 12%-14% Y/Y vs. “low double-digits” Y/Y previously expected.