Guggenheim lifts Akamai target to 225 from 190, keeps Buy
Guggenheim raised its price target on Akamai Technologies to 225 from 190 and kept a Buy rating after detailing Anthropic contract economics and related spending needs.
Guggenheim raised its price target on Akamai to 225 from 190 and kept its Buy rating. 6B over seven years, with up to $9B of optional expansion potential. Guggenheim said the deal's total potential value is $20B. It said the agreement's annual recurring revenue is more than five times Akamai's 2025 CIS revenue and equal to 40% of total revenue.
7B to secure and pre-purchase supply-chain components. Anthropic receives a warrant to buy nonvoting convertible Series B preferred stock.