Scotiabank lifts Akamai's PT citing upside from AI inference cloud

Brokerage Scotiabank raises PT for cloud firm Akamai Technologies AKAM.O to $105 from $94, implying 22.5% upside from stock's last close

Co's partnership with Nvidia NVDA.O announced in October including the Inference Cloud, puts AKAM in a good position for AI build-out -- Scotiabank

Brokerage says AKAM could "reasonably" expand its core computing capacity by 70% for GPU (graphics processing unit) deployment, which could entail a $300 mln new per annum revenue opportunity

Adds that this could boost sales growth by 8% to 9% in H2 2026 and 2027 respectively as AI inference capacity comes online

14 of 26 brokerages recommend "buy" or higher, 9 "hold", and others "sell"; stock has a median PT of $95.25, according to LSEG-compiled data

AKAM fell 8.8% last year