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

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “buy” rating restated by analysts at DA Davidson in a research note issued to investors on Friday, Benzinga reports. They presently have a $185.00 price target on the technology infrastructure company’s stock. DA Davidson’s target price indicates a potential upside of 60.25% from the stock’s previous close.

AKAM has been the topic of a number of other reports. TD Cowen lifted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $140.00 to $125.00 in a research note on Tuesday, September 1st. Guggenheim lifted their target price on shares of Akamai Technologies from $190.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Akamai Technologies in a research note on Friday. Thirteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $149.29.

Akamai Technologies Price Performance

AKAM traded up $5.04 on Friday, reaching $115.45. 23,526,825 shares of the company’s stock were exchanged, compared to its average volume of 4,588,149. The stock has a market cap of $16.59 billion, a PE ratio of 41.57, a P/E/G ratio of 5.49 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’s fifty day moving average price is $113.10 and its 200-day moving average price is $118.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64.

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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. Akamai Technologies’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 earnings per share. 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 Activity

In other 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 value of $327,453.00. Following the sale, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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

Several large investors have recently added to or reduced their stakes in AKAM. Norges Bank acquired a new position in Akamai Technologies during the 4th quarter worth approximately $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $222,046,000. William Blair Investment Management LLC acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $181,508,000. Legal & General Group Plc acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $159,564,000. Finally, Atreides Management LP acquired a new position in Akamai Technologies during the 2nd quarter worth approximately $107,640,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Akamai Technologies

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.

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.