Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $167.00

Akamai Technologies (NASDAQ:AKAM) had its price target raised by JPMorgan Chase & Co. from $158.00 to $167.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the technology infrastructure company’s stock.

AKAM has been the subject of a number of other reports. Royal Bank Of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Akamai Technologies in a research report on Friday. Susquehanna reduced their target price on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Guggenheim increased their target price on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen raised their price target on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, September 21st. 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $149.29.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $113.94 on Friday. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 5.28 and a beta of 0.63. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45. The stock has a fifty day simple moving average of $112.98 and a 200 day simple moving average of $118.84. 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 (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.73 EPS. The business’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. Sell-side analysts expect that Akamai Technologies will post 3.63 EPS for the current year.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction on 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 sale, the executive vice president directly owned 28,472 shares in the company, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Akamai Technologies in the 4th quarter valued at about $31,000. Root Financial Partners LLC raised its stake in Akamai Technologies by 45.8% during the 4th 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 during the period. Silvant Capital Management LLC acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $32,000. Cedar Mountain Advisors LLC bought a new position in Akamai Technologies in the first quarter worth approximately $47,000. Finally, Persistent Asset Partners Ltd bought a new position in Akamai Technologies in the second quarter worth approximately $54,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies News Summary

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.