Akamai Technologies (NASDAQ:AKAM) Shares Gap Up After Analyst Upgrade

Posted by Brenda Bartman on Sep 25th, 2026

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) gapped up before the market opened on Friday after JPMorgan Chase & Co. raised their price target on the stock from $158.00 to $167.00. The stock had previously closed at $110.41, but opened at $125.23. JPMorgan Chase & Co. currently has a neutral rating on the stock. Akamai Technologies shares last traded at $117.81, with a volume of 9,515,258 shares trading hands.

AKAM has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. Bank of America lifted their target price on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim upped their price target on Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Citigroup decreased their price target on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Finally, Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.71.

View Our Latest Stock Report on AKAM

Insider Buying and Selling at Akamai Technologies

In other news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is currently owned by company insiders.

More Akamai Technologies News

Here are the key news stories impacting Akamai Technologies this week:

Positive Sentiment: Anthropic committed to pay Akamai $11.6 billion over seven years for access to Akamai Cloud’s distributed infrastructure and software, primarily to support growing CPU workloads. The agreement also allows for up to an additional $9 billion, creating a potential total commitment of approximately $20 billion. Reuters article
Positive Sentiment: The contract provides substantial long-term revenue visibility and could accelerate Akamai’s transition toward higher-growth AI and cloud infrastructure markets, where demand for computing capacity is expanding rapidly. Invezz article
Positive Sentiment: The announcement prompted a sharp rally in Akamai shares as analysts and investors reassessed the company’s growth prospects and strategic position in AI infrastructure. 247WallSt article
Neutral Sentiment: Akamai issued Anthropic a warrant for up to approximately 5% of its common stock; about 2% is expected to vest in connection with the initial commitment, with additional vesting tied to expansion of the relationship. Akamai press release
Negative Sentiment: The warrant could dilute existing shareholders, while fulfilling the agreement may require significant investment and carries execution and customer-concentration risks. Akamai’s valuation—near 40 times earnings—also leaves less room for disappointment if AI-related growth takes longer than expected.

Institutional Trading of Akamai Technologies

A number of institutional investors have recently bought and sold shares of AKAM. Norges Bank bought a new position in shares of Akamai Technologies in the 4th quarter worth about $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at about $222,046,000. William Blair Investment Management LLC acquired a new position in shares of Akamai Technologies in the 2nd quarter valued at about $181,508,000. Legal & General Group Plc bought a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $159,564,000. Finally, Atreides Management LP bought a new stake in shares of Akamai Technologies during the 2nd quarter valued at about $107,640,000. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Stock Up 8.8%

The firm has a 50 day moving average of $113.10 and a 200 day moving average of $118.76. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 5.49 and a beta of 0.63. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 11.32% and a net margin of 9.51%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts predict that Akamai Technologies, Inc. will post 3.63 earnings per share for the current year.

About Akamai Technologies

(Get Free Report)

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.