Akamai price target raised to $97 from $85 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on Akamai to $97 from $85 but keeps a Sector Perform rating on the shares after its Q2 earnings beat and guidance raise. The firm adds however that while the quarter was solid, it still sees execution risk around the material investments in Compute and intends to continue to monitor for “sustained teens” growth rate in Security.