Akamai Technologies (NASDAQ:AKAM) Given New $103.00 Price Target at Citigroup

Akamai Technologies (NASDAQ:AKAM) had its target price lifted by Citigroup from $88.00 to $103.00 in a research note released on Friday, Marketbeat reports. They currently have a neutral rating on the technology infrastructure company’s stock.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada upped their target price on Akamai Technologies from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Monday, January 5th. Raymond James Financial upped their price target on Akamai Technologies from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Scotiabank increased their price objective on shares of Akamai Technologies from $94.00 to $105.00 and gave the company a “sector outperform” rating in a research report on Friday, January 9th. Oppenheimer began coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Akamai Technologies from $67.00 to $69.00 and gave the company a “sell” rating in a report on Friday, November 7th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $96.11.

Akamai Technologies Price Performance

Akamai Technologies stock opened at $93.49 on Friday. The firm has a fifty day moving average of $88.08 and a 200-day moving average of $80.55. Akamai Technologies has a 52-week low of $67.51 and a 52-week high of $103.75. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $13.45 billion, a P/E ratio of 27.42, a PEG ratio of 3.31 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.22. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, analysts predict that Akamai Technologies will post 4.6 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, COO Adam Karon sold 3,320 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total transaction of $289,836.00. Following the completion of the transaction, the chief operating officer directly owned 7,785 shares of the company’s stock, valued at $679,630.50. This trade represents a 29.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul C. Joseph sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $90.17, for a total transaction of $450,850.00. Following the completion of the sale, the executive vice president directly owned 17,513 shares of the company’s stock, valued at $1,579,147.21. The trade was a 22.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 28,818 shares of company stock valued at $2,550,754. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Akamai Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC lifted its holdings in Akamai Technologies by 626.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 263 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Akamai Technologies by 295.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 251 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Akamai Technologies by 566.7% in the third quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 289 shares during the period. TD Waterhouse Canada Inc. increased its stake in Akamai Technologies by 130.0% during the third quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after purchasing an additional 195 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Akamai Technologies by 50.8% during the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.