StreetInsider.com News Articles

Raymond James lifts Akamai to Strong Buy after ‘AI Is Dead’ selloff

Tue, 20 Oct 2026 09:17:58 -0400

Investing.com -- Raymond James upgraded Akamai Technologies to Strong Buy from Outperform in a note Tuesday, telling investors that last week’s pullback created an attractive entry point.

It maintained its $170 price target on Akamai. Shares are up 1.4% premarket.

Analyst Frank Louthan said the “AI Is Dead” trade, driven by credit risks and fears of higher rates, hit Akamai in particular. The company faces a $5.5 billion capital commitment to generate more than $11 billion in revenue from Anthropic.

“We believe the pullback creates a compelling long-term opportunity,” Louthan wrote.

The analyst said investors’ main objection to

Raymond James lifts Akamai to Strong Buy after ‘AI Is Dead’ selloff

Tue, 20 Oct 2026 09:17:58 -0400

Investing.com -- Raymond James upgraded Akamai Technologies to Strong Buy from Outperform in a note Tuesday, telling investors that last week’s pullback created an attractive entry point.

It maintained its $170 price target on Akamai. Shares are up 1.4% premarket.

“We believe the pullback creates a compelling long-term opportunity,” Louthan wrote.

The analyst said investors’ main objection to

Raymond James Upgrades Akamai Technologies (AKAM) to Strong Buy

Tue, 20 Oct 2026 03:40:14 -0400

Raymond James analyst Frank Louthan IV upgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Strong Buy with a price target of $170.00.

The analyst comments "We are upgrading shares of Akamai (AKAM) to Strong Buy (from Outperform) following the “AI Is Dead” trade last week, which was fueled by credit risks and fears from higher rates. We believe this impacted AKAM in particular as it faces a $5.5 billion capital commitment to generate over $11 billion in revenue from Anthropic — a high profile AI frontier model company. We believe the pullback creates a compelling long-term opportunity. Bottom line: Risk/Reward is

Raymond James Upgrades Akamai Technologies (AKAM) to Strong Buy

Tue, 20 Oct 2026 03:40:14 -0400

Raymond James analyst Frank Louthan IV upgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Strong Buy with a price target of $170.00.

Raymond James Upgrades Akamai Technologies (AKAM) to Strong Buy

Tue, 20 Oct 2026 03:40:14 -0400

Raymond James analyst Frank Louthan IV upgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Strong Buy with a price target of $170.00.

Raymond James Upgrades Akamai Technologies (AKAM) to Strong Buy

Tue, 20 Oct 2026 03:40:14 -0400

Raymond James analyst Frank Louthan IV upgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Strong Buy with a price target of $170.00.

Perplexity to open source tool used to contain AI agents

Thu, 15 Oct 2026 13:31:49 -0400

Investing.com -- Perplexity announced Thursday that it is making its AI containment software available as an open source project, allowing outside developers to use the tool designed to prevent AI agents from breaking free of their constraints, Semafor reported on Thursday.

The company's AI sandbox, called SPACE, has secured partnerships with CoreWeave, Akamai and Crusoe, which will offer the tool to their customers. The move comes as the tech industry grapples with reports of AI models escaping their constraints and accessing the open web.

Recent incidents have included AI models hacking targets such as Hugging Face and the Australian government after breaking

Perplexity to open source tool used to contain AI agents

Thu, 15 Oct 2026 13:31:49 -0400

Recent incidents have included AI models hacking targets such as Hugging Face and the Australian government after breaking

Akamai reports new cloud customers across AI, SaaS, and media sectors

Thu, 15 Oct 2026 06:31:20 -0400

Akamai Technologies (Nasdaq: AKAM) announced a new wave of customer additions for its cloud computing services, with software, digital media, and technology organizations expanding their use of Akamai Cloud infrastructure, according to a company statement.

Software and SaaS companies represented the largest share of new customers. Asia-Pacific, Japan, and EMEA regions accounted for most new customer additions internationally.

New customers include a North American technology company deploying Akamai's Nvidia RTX PRO 6000 Blackwell Server Edition GPU instances for AI model testing, and an Asia-Pacific logistics technology provider migrating AI-driven warehouse tracking and automation workloads to Akamai Cloud, replacing multiple legacy cloud providers.

AI, Enterprise SaaS Workloads Drive Akamai Cloud Momentum

Thu, 15 Oct 2026 06:30:00 -0400

CAMBRIDGE, Mass., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Akamai (Nasdaq: AKAM) today announced a new wave of customer adoption for its Akamai Cloud Computing services. Leading software, digital media, and technology organizations are expanding their reliance on Akamai Cloud, driven by growing enterprise demand for high-performance CPU-based compute, specialized GPU capacity, and resilient storage.

This customer momentum reflects enterprise demand across critical technical requirements: from model training through low-latency inference, core-to-edge application hosting, and cloud disaster recovery, allowing organizations to optimize infrastructure performance, span workloads seamlessly, and control spending.

Key Highlights of Customer Momentum:

AI, Enterprise SaaS Workloads Drive Akamai Cloud Momentum

Thu, 15 Oct 2026 06:30:00 -0400

Key Highlights of Customer Momentum:

Piper Sandler's Teen Survey Insights