DA Davidson Reiterates “Buy” Rating for Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued on Friday, Benzinga reports. They presently have a $185.00 price objective on the technology infrastructure company’s stock. DA Davidson’s price objective suggests a potential upside of 58.03% from the company’s previous close.

A number of other analysts have also commented on the company. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Akamai Technologies from $158.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday. Piper Sandler upgraded Akamai Technologies from a “neutral” rating to an “overweight” rating and cut their price target for the company from $140.00 to $125.00 in a report on Tuesday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. Finally, Guggenheim lifted their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $149.29.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM traded up $6.65 during midday trading on Friday, hitting $117.06. The stock had a trading volume of 21,455,041 shares, compared to its average volume of 4,571,567. The company has a market capitalization of $16.82 billion, a PE ratio of 42.15, a P/E/G ratio of 5.49 and a beta of 0.63. The stock has a 50 day moving average price of $113.10 and a two-hundred day moving average price of $118.76. Akamai Technologies has a 1 year low of $70.82 and a 1 year high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Akamai Technologies (NASDAQ:AKAM) last posted 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. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities analysts predict that Akamai Technologies will post 3.63 earnings per share for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AKAM. Silvant Capital Management LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth about $32,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $31,000. Root Financial Partners LLC increased its holdings in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Akamai Technologies during the first quarter worth approximately $47,000. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Akamai Technologies during the second quarter worth approximately $54,000. 94.28% of the stock is owned by institutional investors.

Akamai Technologies News Roundup

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

• Positive Sentiment: Anthropic agreed to spend $11.6 billion over seven years on Akamai Cloud services to support CPU workloads. The relationship could expand by another $9 billion, creating a potential commitment of approximately $20 billion. The deal provides substantial long-term revenue visibility and strengthens Akamai’s position in the rapidly growing AI-computing market. Reuters article
• Positive Sentiment: The agreement will use Akamai’s distributed cloud infrastructure and software, supporting the company’s strategy of expanding beyond traditional content delivery and cybersecurity into cloud and AI infrastructure. Investors are repricing Akamai as an AI beneficiary rather than solely as a mature infrastructure provider. Investopedia article
• Positive Sentiment: Analyst sentiment provided additional support. DA Davidson reaffirmed a “buy” rating and set a $185 price target, while JPMorgan raised its target from $158 to $167 despite maintaining a “neutral” rating. Unusually heavy call-option activity—16,651 contracts, more than twice typical volume—also indicated increased bullish trading interest.
• Neutral Sentiment: Broader market conditions were supportive, with U.S. equity futures higher as crude prices and Treasury yields eased. However, the stock’s move was primarily linked to the Anthropic announcement rather than general market strength.
• Negative Sentiment: Akamai issued Anthropic a warrant for up to approximately 5% of its common stock, with roughly 2% expected to vest in connection with the initial commitment. Any future vesting could dilute existing shareholders. Investors must also monitor the capital spending and execution required to fulfill the large contract.

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.