business
Akamai-Anthropic Deal’s Magnitude Is Impressive, Says Piper Sandler - Sees It Shift From Being A Value Asset To A Hypergrowth One
According to TheFly, Piper Sandler believes that Anthropic’s commitment could drastically alter Akamai’s financial profile, with Cloud Infrastructure Services potentially surpassing Security by late 2028.
JPMorgan also raised AKAM's price target to $167 from $158 and kept a 'Neutral' rating on the shares. Akamai's large deal with Anthropic affirms the differentiation of its platform and ability to drive favorable economics on capacity, the firm stated... [1742 chars]
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