Akamai Technologies (NASDAQ:AKAM) Given New $160.00 Price Target at Citigroup

Akamai Technologies (NASDAQ:AKAM) had its price target upped by Citigroup from $110.00 to $160.00 in a research note released on Friday morning,MarketScreener reports. The brokerage currently has a neutral rating on the technology infrastructure company’s stock.

Several other research analysts have also recently issued reports on AKAM. UBS Group increased their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Guggenheim upped their price objective on Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a report on Friday, May 8th. HSBC upped their price objective on Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Oppenheimer upped their price objective on Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group upped their price objective on Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $145.29.

Akamai Technologies Trading Down 3.1%

NASDAQ:AKAM opened at $150.88 on Friday. Akamai Technologies has a 1 year low of $69.78 and a 1 year high of $165.45. The stock has a market cap of $21.93 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 4.60 and a beta of 0.45. The business has a fifty day moving average of $111.77 and a 200-day moving average of $97.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.36 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Equities analysts predict that Akamai Technologies will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mani Sundaram sold 1,722 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $98.58, for a total value of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares in the company, valued at $2,133,961.26. This represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Laura Howell sold 11,273 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total value of $1,128,878.22. Following the completion of the sale, the chief accounting officer owned 12,559 shares of the company’s stock, valued at approximately $1,257,658.26. This trade represents a 47.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 53,954 shares of company stock valued at $5,511,371. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Akamai Technologies

Hedge funds have recently modified their holdings of the stock. Rakuten Investment Management Inc. purchased a new stake in shares of Akamai Technologies during the third quarter valued at $5,323,000. Fox Run Management L.L.C. lifted its holdings in shares of Akamai Technologies by 467.7% during the third quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after purchasing an additional 15,772 shares during the last quarter. National Pension Service lifted its holdings in shares of Akamai Technologies by 48.5% during the third quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock valued at $5,160,000 after purchasing an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Akamai Technologies by 42.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock valued at $19,040,000 after purchasing an additional 74,791 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in shares of Akamai Technologies by 71.5% during the third quarter. New York Life Investment Management LLC now owns 34,051 shares of the technology infrastructure company’s stock valued at $2,580,000 after purchasing an additional 14,192 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Key Akamai Technologies News

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

• Positive Sentiment: Morgan Stanley raised its price target on Akamai to $165 and kept an overweight rating, signaling improved Wall Street confidence in the stock’s upside. Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $165.00 at Morgan Stanley
• Positive Sentiment: Citigroup lifted its target to $160 from $110 while maintaining a neutral rating, reflecting a much higher valuation view than before. Citigroup adjusts Akamai Technologies price target to $160 from $110, maintains neutral rating
• Positive Sentiment: Bank of America also raised its target to $175, adding to the list of recent upgrades and helping support the stock’s recent strength. This Analyst Just Upgraded Akamai Technologies. Here’s Why.
• Positive Sentiment: Akamai announced it will acquire LayerX for about $205 million, a move aimed at expanding its workforce security and AI usage-control capabilities, which may strengthen its long-term growth story. Akamai Technologies Announces Intent to Acquire LayerX
• Positive Sentiment: Experian said Akamai joined its agent trust partner ecosystem, highlighting Akamai’s role in secure, trusted AI-driven commerce initiatives. Experian Expands Agent Trust Partner Ecosystem with Akamai
• Neutral Sentiment: Despite the upbeat analyst sentiment, some traders are also weighing near-term integration costs and deal uncertainty from the LayerX purchase, which may explain some of the recent volatility.

About Akamai Technologies

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.