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 currently have a $135.00 price objective on the technology infrastructure company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 16.40% from the company’s current price.
AKAM has been the subject of several other research reports. JPMorgan Chase & Co. upgraded Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $132.00 to $158.00 in a report on Thursday, August 13th. Piper Sandler upgraded Akamai Technologies from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $140.00 to $125.00 in a report on Tuesday, September 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday. UBS Group reissued a “neutral” rating and issued a $148.00 target price on shares of Akamai Technologies in a research report on Friday. Finally, Guggenheim upped 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. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.71.
View Our Latest Research Report on Akamai Technologies
Akamai Technologies Stock Up 5.0%
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Akamai Technologies will post 3.63 earnings per share for the current year.
Insiders Place Their Bets
In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction 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. This trade represents a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On Akamai Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. acquired a new stake in Akamai Technologies during the 1st quarter worth about $1,172,000. HighTower Advisors LLC grew its position in Akamai Technologies by 132.4% during the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after purchasing an additional 14,792 shares during the period. Baker Avenue Asset Management LP acquired a new stake in Akamai Technologies during the 4th quarter worth about $1,393,000. Empowered Funds LLC grew its position in Akamai Technologies by 503.6% during the 1st quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after purchasing an additional 35,735 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Akamai Technologies by 59.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock worth $4,662,000 after purchasing an additional 15,091 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting 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.
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.
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