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Akamai upgraded to Buy from Neutral at BofA

BofA analyst Tal Liani upgraded Akamai (AKAM) to Buy from Neutral with a price target of $175, up from $130. Large cloud infrastructure wins, including a $1.8B, seven-year deal, signal real demand for distributed AI, says the analyst, who sees the company’s story having shifted from “a legacy delivery network to a credible AI infrastructure platform.”

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