Akamai Technologies (NASDAQ:AKAM – Get Free Report)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a research report issued on Friday, Benzinga reports. They presently have a $135.00 target price on the technology infrastructure company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 16.39% from the company’s previous close.
A number of other analysts have also recently weighed in on the stock. UBS Group raised their price objective on shares of Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim raised their price objective on shares of Akamai Technologies from $190.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research raised shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Susquehanna cut their price objective on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Finally, Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Thirteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.29.
Check Out Our Latest Stock Report on AKAM
Akamai Technologies Stock Up 5.1%
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its quarterly earnings data 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. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. 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 predict that Akamai Technologies will post 3.63 EPS for the current year.
Insider Activity at Akamai Technologies
In other news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies 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 transaction, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The sale was disclosed in a legal 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.
Hedge Funds Weigh In On Akamai Technologies
A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Akamai Technologies by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after acquiring an additional 349,451 shares during the period. Norges Bank purchased a new position in Akamai Technologies in the 4th quarter valued at $192,959,000. Edmond DE Rothschild Holding S.A. purchased a new position in Akamai Technologies in the 2nd quarter valued at $222,046,000. William Blair Investment Management LLC purchased a new position in Akamai Technologies in the 2nd quarter valued at $181,508,000. Finally, Legal & General Group Plc purchased a new position in Akamai Technologies in the 2nd quarter valued at $159,564,000. 94.28% of the stock is owned by institutional investors and hedge funds.
Akamai Technologies News Roundup
Here are the key news stories impacting Akamai Technologies this week:
- Positive Sentiment: Major Anthropic contract: Anthropic agreed to pay Akamai $11.6 billion over seven years for access to Akamai Cloud’s distributed infrastructure and software to support CPU workloads. The relationship could expand by another $9 billion, creating potential total commitments of approximately $20 billion. Reuters article
- Positive Sentiment: AI growth catalyst: Investors view the agreement as validation of Akamai’s cloud platform and its ability to capture rising demand for AI computing capacity. Reports indicated the stock rose more than 14% to 23% in premarket and early trading. Invezz article
- Positive Sentiment: Analyst support strengthened: Piper Sandler reaffirmed its overweight rating and raised its price target to $158 from $125. DA Davidson maintained a buy rating with a $185 target, while JPMorgan lifted its target to $167 from $158 despite retaining a neutral rating. Benzinga article
- Neutral Sentiment: Options activity surged: Traders purchased 16,651 call options, more than double typical volume, signaling strong speculative interest but potentially adding short-term volatility.
- Negative Sentiment: Potential dilution and execution risk: Akamai issued Anthropic a warrant for up to approximately 5% of its common stock, with about 2% expected to vest initially. Investors must also assess the capital spending and execution required to deliver the expanded cloud capacity. Akamai press release
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.
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