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

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research note issued to investors on Friday, Benzinga reports. They currently have a $185.00 price target on the technology infrastructure company’s stock. DA Davidson’s target price would suggest a potential upside of 65.92% from the stock’s current price.

AKAM has been the topic of a number of other reports. Bank of America lifted their target price on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group raised their price objective on shares of Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Akamai Technologies in a research report on Friday. TD Cowen boosted their target price on Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Finally, Piper Sandler upgraded shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $140.00 to $125.00 in a research report on Tuesday, September 1st. 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 company. Based on data from MarketBeat, Akamai Technologies presently has an average rating of “Hold” and an average target price of $149.29.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock opened at $111.50 on Friday. Akamai Technologies has a 52 week low of $70.82 and a 52 week high of $165.45. 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 business has a 50 day moving average price of $112.98 and a 200-day moving average price of $118.84. The company has a market cap of $16.02 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 5.28 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $1.73 EPS. The business’s revenue was up 5.4% on a year-over-year basis. 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 analysts anticipate that Akamai Technologies will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In related news, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in Akamai Technologies by 1,716.7% during the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock valued at $3,855,000 after buying an additional 30,815 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Akamai Technologies by 114.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock worth $718,000 after acquiring an additional 3,244 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Akamai Technologies by 263.5% during the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after acquiring an additional 71,147 shares during the last quarter. Tidal Investments LLC raised its position in Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after purchasing an additional 138,950 shares during the last quarter. Finally, Capital Analysts LLC increased its position in Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after purchasing an additional 1,228 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

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.