Analysts Set Akamai Technologies, Inc. (NASDAQ:AKAM) Price Target at $144.14

Shares of Akamai Technologies, Inc. (NASDAQ:AKAMGet Free Report) have been assigned a consensus rating of “Hold” from the twenty-four research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $144.1429.

Several brokerages have issued reports on AKAM. JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $132.00 to $158.00 in a report on Thursday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Akamai Technologies in a research report on Wednesday, June 24th. Royal Bank Of Canada lowered their target price on Akamai Technologies from $150.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday, August 7th. Raymond James Financial raised their target price on shares of Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Finally, Citigroup upped their price target on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th.

View Our Latest Research Report on AKAM

Akamai Technologies Trading Down 2.4%

AKAM opened at $110.09 on Tuesday. The firm’s fifty day moving average is $119.63 and its two-hundred day moving average is $117.31. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $15.82 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 5.14 and a beta of 0.63. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAMGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. Equities research analysts anticipate that Akamai Technologies will post 3.7 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the completion of the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares of the company’s stock, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several institutional investors have recently bought and sold shares of AKAM. Sarver Vrooman Wealth Advisors bought a new stake in shares of Akamai Technologies in the fourth quarter worth $31,000. Root Financial Partners LLC increased its stake in Akamai Technologies by 45.8% in the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock valued at $31,000 after buying an additional 110 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in Akamai Technologies in the 2nd quarter valued at $32,000. CYBER HORNET ETFs LLC bought a new stake in Akamai Technologies during the 2nd quarter worth about $32,000. Finally, WealthCollab LLC boosted its stake in shares of Akamai Technologies by 154.2% during the 4th quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after buying an additional 239 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

(Get Free Report)

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.

Further Reading

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.