From TokenPost · · 40s
Akamai Shares Rise After Raymond James Upgrade
Raymond James upgrades Akamai to Strong Buy, lifting shares 1.4% in premarket trading.
In brief
Raymond James upgrades Akamai to Strong Buy, lifting shares 1.4% in premarket trading. Akamai Technologies shares rose 1.4% after Raymond James upgraded the stock to Strong Buy, citing recent share price decline. Originally reported by TokenPost.
Raymond James Upgrade
Raymond James analyst Frank Louthan upgraded Akamai to Strong Buy from Outperform, keeping the $170 price target.
Share Price Rise
Akamai shares rose 1.4% in premarket trading Oct. 20 after the upgrade, following a recent pullback.
Anthropic Agreement
Akamai pursues a seven-year agreement with Anthropic for $11.6 billion in cloud computing capacity, with $5.5 billion in capital spending expected.
The headline
Akamai Technologies shares rose 1.4% after Raymond James upgraded the stock to Strong Buy, citing recent share price decline.
