Akamai Technologies (NASDAQ:AKAM) Stock Keeps “Buy” Rating at DA Davidson

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a report released on Friday, Benzinga reports. They presently have a $185.00 target price on the technology infrastructure company’s stock. DA Davidson’s target price would suggest a potential upside of 56.03% from the stock’s previous close.

AKAM has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Friday. Guggenheim lifted their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen reiterated a “hold” rating and set a $149.00 target price (up from $140.00) on shares of Akamai Technologies in a report on Friday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Akamai Technologies in a research report on Friday. 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 price target of $147.71.

Akamai Technologies Stock Up 7.4%

Shares of AKAM traded up $8.16 during mid-day trading on Friday, reaching $118.57. The company’s stock had a trading volume of 13,878,535 shares, compared to its average volume of 4,525,494. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. Akamai Technologies has a 12-month low of $70.82 and a 12-month high of $165.45. The stock has a market cap of $17.04 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 5.49 and a beta of 0.63. The company’s 50 day moving average is $113.10 and its 200 day moving average is $118.76.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $1.73 earnings per share. The business’s quarterly revenue 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. Equities analysts anticipate that Akamai Technologies will post 3.63 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Akamai Technologies by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock valued at $397,881,000 after purchasing an additional 349,451 shares during the last quarter. Norges Bank bought a new position in shares of Akamai Technologies in the fourth quarter valued at approximately $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new position in Akamai Technologies during the 2nd quarter worth $222,046,000. William Blair Investment Management LLC bought a new stake in Akamai Technologies during the 2nd quarter valued at approximately $181,508,000. Finally, Legal & General Group Plc acquired a new stake in shares of Akamai Technologies in the second quarter worth $159,564,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Key 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.

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.