Piper Sandler Reaffirms Overweight Rating for Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “overweight” rating reissued by equities researchers at Piper Sandler in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $158.00 target price on the technology infrastructure company’s stock, up from their previous target price of $125.00. Piper Sandler’s price target would indicate a potential upside of 34.56% from the stock’s current price.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada restated a “sector perform” rating and set a $135.00 price objective on shares of Akamai Technologies in a research note on Friday. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Guggenheim raised their target price on Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Friday. Finally, HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $123.00 in a research report on Monday, August 10th. Thirteen research 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. Based on data from MarketBeat, Akamai Technologies presently has a consensus rating of “Hold” and an average price target of $149.29.

Akamai Technologies Stock Up 6.3%

Shares of Akamai Technologies stock traded up $7.01 during trading on Friday, reaching $117.42. The company had a trading volume of 21,455,041 shares, compared to its average volume of 4,571,567. The firm’s fifty day moving average is $113.10 and its 200-day moving average is $118.76. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 5.49 and a beta of 0.63. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64.

Akamai Technologies (NASDAQ:AKAM) last issued 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. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, analysts anticipate 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 business’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 sale, the executive vice president directly owned 28,472 shares in the company, 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 can be accessed through 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.

Hedge Funds Weigh In On Akamai Technologies

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

More Akamai Technologies News

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.