BUZZ-Scotiabank lifts Akamai's PT citing upside from AI inference cloud

Reuters01-09
BUZZ-Scotiabank lifts Akamai's PT citing upside from AI inference cloud

** Brokerage Scotiabank raises PT for cloud firm Akamai Technologies AKAM.O to $105 from $94, implying 22.5% upside from stock's last close

** Co's partnership with Nvidia NVDA.O announced in October including the Inference Cloud, puts AKAM in a good position for AI build-out -- Scotiabank

** Brokerage says AKAM could "reasonably" expand its core computing capacity by 70% for GPU (graphics processing unit) deployment, which could entail a $300 mln new per annum revenue opportunity

** Adds that this could boost sales growth by 8% to 9% in H2 2026 and 2027 respectively as AI inference capacity comes online

** 14 of 26 brokerages recommend "buy" or higher, 9 "hold", and others "sell"; stock has a median PT of $95.25, according to LSEG-compiled data

** AKAM fell 8.8% last year

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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