BUZZ-Scotiabank lifts Akamai's PT citing upside from AI inference cloud
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Scotiabank has raised the price target for Akamai Technologiesfrom $94 to $105, indicating a potential upside of 22.5%. The increase is attributed to Akamai's partnership with Nvidia on the Inference Cloud, which may allow for a 70% expansion in GPU capacity, potentially generating an additional $300 million in annual revenue. This could lead to an 8-9% sales growth in the second half of 2026 and 2027. Currently, 14 out of 26 brokerages recommend a 'buy' or higher for Akamai's stock, which has a median price target of $95.25.
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