NASDAQ:AKAM

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Akamai Jumps 6% After $11.6 Billion Anthropic Deal, Analysts Raise Price Targets

Akamai Technologies (NASDAQ: AKAM) shares rose about 6% after the company announced a seven-year, $11.6 billion cloud infrastructure agreement with Anthropic, while several Wall Street firms raised their price targets on the stock.

Under the agreement, Anthropic will use Akamai Cloud’s distributed infrastructure and software to support expanding CPU workloads. The relationship could grow by an additional $9 billion, bringing the total potential commitment to roughly $20 billion. Akamai said the initial contract is expected to require about $5.5 billion in related capital expenditures.

The announcement prompted a series of analyst actions. Guggenheim raised its price target to $225 from $190 and maintained a Buy rating, Piper Sandler lifted its target to $158 from $125 while reiterating Overweight, and UBS increased its target to $148 from $143 while keeping a Neutral rating. The more constructive targets likely reflect the size and long duration of the Anthropic commitment, stronger visibility into Akamai’s cloud revenue growth and evidence that its infrastructure is gaining traction for large-scale AI workloads. At the same time, the substantial capital spending required to support the contract remains an important consideration.

Akamai also issued Anthropic a warrant representing up to approximately 5% of the company’s common stock on an as-converted basis, with vesting linked to the expansion of the commercial relationship. The company said the agreement will not affect its 2026 revenue guidance, although 2026 capital expenditures are expected to increase by about $1.7 billion to secure critical infrastructure components.
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Author
Global Finance News 09-25-26
Akamai Stock Jumps 7% Despite Mixed Analyst Updates From Susquehanna and HSBC

Akamai Technologies (NASDAQ: AKAM) shares rose about 7% Monday despite mixed analyst actions, as Susquehanna maintained a bullish view while HSBC became more cautious on the cloud computing and cybersecurity company.

Susquehanna analyst Aaron Samuels lowered the firm's price target on Akamai to $140 from $175 but maintained a Positive rating. The revised target still implies roughly 20% upside from the stock's recent price of $116.34.

At the same time, HSBC analyst Stephen Bersey cut the firm's price target to $123 from $171 and moved its rating to Hold from Buy.

Analyst Views Diverge on Akamai

The two reports present a mixed picture. Susquehanna's substantial target reduction indicates lower expectations for Akamai's valuation, but the Positive rating suggests the firm still sees meaningful upside.

HSBC's move was more cautious, with both a significant price-target reduction and a downgrade to Hold. Its new $123 target is only modestly above Akamai's current trading level.

Despite these revisions, AKAM shares gained approximately 7%, suggesting investors are focusing on factors beyond the analyst changes or had already priced in more cautious expectations.

The strong move also indicates that the target cuts have not materially undermined near-term sentiment toward the stock. Investors will now be watching whether Akamai can sustain the rally and whether other analysts adjust their forecasts following the company's recent developments.
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Author
European Investor 08-10-26
Akamai Technologies and Visa announced a strategic collaboration to strengthen trust and security in emerging agentic commerce, integrating Visa’s Trusted Agent Protocol with Akamai’s edge-based behavioral intelligence and fraud protection. The partnership aims to help merchants securely authenticate AI shopping agents, link them to underlying consumers, and prevent fraud as autonomous agents increasingly transact on behalf of users, enabling safe and scalable adoption of AI-driven commerce experiences.
Source: Visa, Business Wire
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Author
European Investor 12-17-25
Akamai Expands Credit Facility, Plans $1.35 Billion Convertible Notes Offering

Akamai Technologies has amended its existing credit agreement, significantly expanding its revolving credit facility and adjusting key terms. The amendment, signed on May 12, 2025, doubles the revolving commitments from $500 million to $1 billion and extends the maturity date by one year to November 22, 2028. The amendment also eliminates any future increase options and reduces the number of permitted maturity extensions from two to one.

In a related announcement on May 13, Akamai revealed plans to offer $1.35 billion in Convertible Senior Notes due 2033 through a private placement to qualified institutional buyers. Proceeds from the offering are expected to support general corporate purposes, which may include repayment of existing debt, capital expenditures, and potential acquisitions.

These moves are part of Akamai’s strategy to strengthen liquidity and increase financial flexibility amid continued investment in edge computing and cybersecurity.
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ME NEWS 05-13-25
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09-25-26Global Finance News
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08-10-26European Investor