Akamai Technologies (NASDAQ:AKAM) Stock Price Target Lowered at KeyCorp

Akamai Technologies (NASDAQ:AKAM) had its price target lowered by KeyCorp from $195.00 to $175.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology infrastructure company’s stock. KeyCorp‘s target price would indicate a potential upside of 124.82% from the stock’s current price.

A number of other brokerages have also issued reports on AKAM. Wall Street Zen raised Akamai Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Citigroup cut their price objective on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. UBS Group reiterated a “neutral” rating and set a $90.00 price objective on shares of Akamai Technologies in a report on Friday. Finally, Bank of America raised their target price on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Akamai Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.95.

Akamai Technologies Price Performance

AKAM stock opened at $77.84 on Friday. Akamai Technologies has a 52-week low of $71.93 and a 52-week high of $165.45. The stock’s fifty day simple moving average is $102.11 and its 200-day simple moving average is $112.27. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 4.05 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. Equities research analysts expect that Akamai Technologies will post 3.58 EPS for the current year.

Insider Buying and Selling

In related news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president directly owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the transaction, the executive vice president owned 57,197 shares in the company, valued at $7,321,216. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Eurizon Capital SGR S.p.A. increased its position in Akamai Technologies by 9,801.8% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 162,687 shares of the technology infrastructure company’s stock worth $16,770,000 after purchasing an additional 161,044 shares in the last quarter. Gagnon Securities LLC lifted its position in Akamai Technologies by 41.6% during the third quarter. Gagnon Securities LLC now owns 4,480 shares of the technology infrastructure company’s stock valued at $476,000 after buying an additional 1,317 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Akamai Technologies by 119.7% during the third quarter. New Mexico Educational Retirement Board now owns 15,705 shares of the technology infrastructure company’s stock valued at $1,670,000 after buying an additional 8,557 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Akamai Technologies by 167.6% during the third quarter. Maryland State Retirement & Pension System now owns 19,910 shares of the technology infrastructure company’s stock valued at $2,117,000 after buying an additional 12,471 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Akamai Technologies by 0.3% during the third quarter. Illinois Municipal Retirement Fund now owns 71,944 shares of the technology infrastructure company’s stock worth $7,651,000 after buying an additional 228 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Third-quarter EPS of $1.77 beat the $1.67 consensus, while revenue of $1.12 billion was roughly in line and rose 6.4% year over year. Full-year 2026 EPS guidance of $6.47–$6.68 is above the $6.03 consensus. Akamai Q3 earnings and revenues surpass estimates
• Neutral Sentiment: Susquehanna lowered its price target substantially, from $140 to $90, but maintained a positive rating; the new target remains above the quoted share price. Susquehanna stock recommendations
• Negative Sentiment: Fourth-quarter guidance disappointed: Akamai forecast EPS of $1.50–$1.70 versus a $1.63 consensus and revenue of $1.1–$1.2 billion versus $1.2 billion expected. The weak outlook is the main pressure on the shares despite the Q3 beat. Akamai reports Q3 in line with expectations but stock drops on weak guidance
• Negative Sentiment: Akamai expects 2027 Cloud Infrastructure Services revenue of $1.1–$1.3 billion, with $30 million from an Anthropic deal shifting into 2027 due to timing. Separately, reports noted Q3 profit declined from a year earlier, with EPS down from $1.86 to $1.77. Akamai anticipates CIS revenue in 2027 as Anthropic deal timing shifts Akamai profit drops in Q3

About Akamai Technologies

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.