Akamai Shares Rise 1.4% After Raymond James Upgrades Rating
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Akamai Technologies shares rose 1.4% in premarket trading Oct. 20 after Raymond James upgraded the stock to Strong Buy, citing a recent decline in its share price. Raymond James analyst Frank Louthan kept the $170 price target as the firm raised its rating from Outperform. The upgrade followed a recent pullback in Akamai shares. The rating change comes as Akamai pursues its seven-year agreement with Anthropic . Anthropic committed to pay approximately $11.6 billion for dedicated cloud computing capacity and support, subject to delivery, service availability and termination provisions.
Source: TokenPost
