Akamai Technologies’ (AKAM) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Akamai Technologies (NASDAQ:AKAM) in a research report released on Friday morning,Benzinga reports. The firm currently has a $185.00 price objective on the technology infrastructure company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $140.00 to $125.00 in a research note on Tuesday, September 1st. JPMorgan Chase & Co. upped their price objective on shares of Akamai Technologies from $158.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $135.00 price objective on shares of Akamai Technologies in a report on Friday. Bank of America lifted their target price on shares of Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Finally, HSBC cut shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $123.00 in a research note on Monday, August 10th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Akamai Technologies has an average rating of “Hold” and a consensus target price of $149.29.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $113.94 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies has a 52 week low of $70.82 and a 52 week high of $165.45. The stock’s 50-day moving average price is $112.98 and its 200-day moving average price is $118.84. The stock has a market capitalization of $16.38 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 5.28 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.73 EPS. Akamai Technologies’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. As a group, equities analysts expect that Akamai Technologies will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the sale, the executive vice president owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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

A number of hedge funds have recently modified their holdings of AKAM. EverSource Wealth Advisors LLC grew its stake in shares of Akamai Technologies by 3.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock valued at $271,000 after buying an additional 70 shares during the period. Root Financial Partners LLC raised its position in shares of Akamai Technologies by 45.8% during 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 period. Tema ETFs LLC lifted its holdings in Akamai Technologies by 9.5% in the second quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock valued at $197,000 after acquiring an additional 145 shares during the last quarter. Forza Wealth Management LLC lifted its holdings in Akamai Technologies by 2.0% in the first quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock valued at $920,000 after acquiring an additional 159 shares during the last quarter. Finally, Groupama Asset Managment grew its position in Akamai Technologies by 6.0% in the first quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock worth $389,000 after acquiring an additional 191 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

More Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Landmark Anthropic agreement: Anthropic committed to spend $11.6 billion over seven years on Akamai Cloud infrastructure to support growing CPU workloads. The relationship could expand by another $9 billion, creating a potential total commitment of approximately $20 billion. The contract provides significant long-term revenue visibility and strengthens Akamai’s position in the AI-cloud market. Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
• Positive Sentiment: AI growth narrative: Investors are repricing Akamai from primarily a content-delivery and cybersecurity company toward a meaningful AI infrastructure provider. Reports also cited major enterprise agreements involving Lenovo and Jabil as additional support for the outlook. 3 Reasons Why AKAM Stock Is Up Today
• Positive Sentiment: Analyst optimism: Piper Sandler reaffirmed an Overweight rating and raised its price target to $158 from $125. DA Davidson maintained a Buy rating with a $185 target, while JPMorgan raised its target to $167, despite keeping a Neutral rating. Why Is Akamai Technologies Stock Surging Friday?

About Akamai Technologies

Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.

The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.