Akamai Technologies (NASDAQ:AKAM) Stock Keeps Overweight Rating at Piper Sandler

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “overweight” rating reiterated by research analysts at Piper Sandler in a report released on Friday, Benzinga reports. They currently have a $158.00 price objective on the technology infrastructure company’s stock, up from their previous price objective of $125.00. Piper Sandler’s target price would suggest a potential upside of 34.56% from the company’s current price.

AKAM has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday. Susquehanna cut 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 note on Monday, August 10th. UBS Group restated a “neutral” rating and issued a $148.00 target price (up from $143.00) on shares of Akamai Technologies in a report on Friday. TD Cowen raised their target price on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Akamai Technologies from $158.00 to $167.00 and gave the company a “neutral” rating in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $149.29.

Akamai Technologies Trading Up 6.3%

NASDAQ AKAM traded up $7.01 on Friday, hitting $117.42. 21,455,041 shares of the company were exchanged, compared to its average volume of 4,571,567. The company’s 50 day moving average price is $113.10 and its 200-day moving average price is $118.76. 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 firm has a market capitalization of $16.88 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 5.49 and a beta of 0.63. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $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. Analysts predict that Akamai Technologies will post 3.63 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paul Joseph sold 3,100 shares of the business’s 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 transaction, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by company insiders.

Institutional Trading of Akamai Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Akamai Technologies during the first quarter worth $1,172,000. HighTower Advisors LLC boosted its holdings in Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $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 in the 4th quarter worth $1,393,000. Empowered Funds LLC grew its position in Akamai Technologies by 503.6% in 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 last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 currently owned by hedge funds and other institutional investors.

More Akamai Technologies News

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.

About Akamai Technologies

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.