DA Davidson Reiterates Buy Rating for Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a research report issued on Friday, Benzinga reports. They currently have a $185.00 price target on the technology infrastructure company’s stock. DA Davidson’s price target indicates a potential upside of 56.92% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Evercore restated an “outperform” rating on shares of Akamai Technologies in a report on Friday. Susquehanna dropped their target price on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research report on Monday, August 10th. JPMorgan Chase & Co. increased their price target on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $135.00 target price on shares of Akamai Technologies in a research note on Friday. Finally, Bank of America upped their price objective on Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Thirteen investment 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. Based on data from MarketBeat.com, Akamai Technologies currently has an average rating of “Hold” and a consensus price target of $147.71.

Akamai Technologies Trading Up 6.8%

Shares of Akamai Technologies stock traded up $7.48 during midday trading on Friday, reaching $117.89. The company had a trading volume of 18,393,070 shares, compared to its average volume of 4,548,175. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a fifty day moving average price of $113.10 and a 200 day moving average price of $118.76. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The firm has a market cap of $16.94 billion, a PE ratio of 42.70, a P/E/G ratio of 5.49 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.73 EPS. The company’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. On average, equities analysts anticipate that Akamai Technologies will post 3.63 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies 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 transaction, the executive vice president owned 28,472 shares in the company, valued at $3,007,497.36. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by insiders.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of AKAM. Dimensional Fund Advisors LP lifted its holdings in Akamai Technologies by 11.2% during 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 buying an additional 349,451 shares in the last quarter. Norges Bank bought a new position in Akamai Technologies in the fourth quarter worth approximately $192,959,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Akamai Technologies in the 2nd quarter worth $222,046,000. William Blair Investment Management LLC purchased a new position in Akamai Technologies in the second quarter valued at about $181,508,000. Finally, Legal & General Group Plc bought a new position in shares of Akamai Technologies during the 2nd quarter worth approximately $159,564,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.