{
  "id": 9755616,
  "title": "BofA raises Akamai stock price target on $11.6B Anthropic deal",
  "url": "https://urgent.news/2026/09/25/bofa-raises-akamai-stock-price-target-on-11-6b-anthropic-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T11:15:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/bofa-raises-akamai-stock-price-target-on-116b-anthropic-deal-93CH-4917278"
  },
  "original_language": "en",
  "account": "BofA Securities has increased its price target on Akamai Technologies to $185 from $175, maintaining a Buy rating. This decision comes after the company announced a $11.6 billion CPU cloud deal with Anthropic that spans seven years. The deal is expected to generate $1.7 billion annually after 2027, with a warrant component allowing Anthropic to purchase 3.1 million shares at $111.33. Akamai sees potential for a $9 billion expansion beyond the initial commitment, which would include additional warrants amounting to up to 7.7 million shares. The company will invest $4.8 billion over the next five quarters to support the deal, surpassing its previous $1.8 billion cloud win and significantly outpacing its CIS business, which was valued at $99 million last quarter. Analysts have cited this deal as a major milestone for Akamai, with BofA Securities raising its price target based on a projected 23 times price-to-earnings ratio for 2029. Despite recent stock volatility, Akamai's shares have already delivered a robust 46% return over the past year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}