As previously reported, Oppenheimer initiated coverage of Akamai (AKAM) with an Outperform rating and $100 price target While remaining cautious on the investment thesis that consolidation in the industry will improve CDN pricing, the firm sees an outsized opportunity for Akamai in its Security and Compute Infrastructure portfolio, which could accelerate top-line growth to high single-digits. As Akamai continues its transformation, Oppenheimer believes the company will capitalize on newer technology trends such as AI inferencing within cloud computing and API security within cybersecurity, adding to its growth profile.
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