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Akamai-Anthropic Deal’s Magnitude Is Impressive, Says Piper Sandler - Sees It Shift From Being A Value Asset To A Hypergrowth One
Yahoo Finance • • business
Key Points:
- JPMorgan raised Akamai's price target from $158 to $167 but maintained a 'Neutral' rating, citing the company's large deal with Anthropic as a sign of platform differentiation and strong economics on capacity.
- Anthropic committed $11.6 billion over seven years for dedicated cloud capacity and services, with the potential to expand the agreement by an additional $9 billion, bringing the total to approximately $20 billion.
- Akamai expects capital expenditures of about $5.5 billion to support the initial contract, with revenue ramping up starting in 2027 and reaching full run rate by the end of 2028.
- Retail investor sentiment on AKAM stock has turned "extremely bullish" on Stocktwits amid high message volume, with the stock rallying nearly 30% in 2026, though lagging behind related ETFs that have risen 39% and 46%.
