Akamai Technologies, Inc. (NASDAQ:AKAM) Stock Has Consensus Price Target of $150.10 According to Brokerages

by · The Cerbat Gem

Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) has received an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $150.10.

A number of analysts have recently commented on the stock. DA Davidson reduced their price target on shares of Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, September 21st. UBS Group boosted their price objective on Akamai Technologies from $143.00 to $148.00 and gave the company a “neutral” rating in a research report on Friday, September 25th. Citigroup dropped 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, Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (up from $125.00) on shares of Akamai Technologies in a research note on Friday, September 25th.

Get Our Latest Research Report on AKAM

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total value of $882,103.64. Following the completion of the transaction, the executive vice president directly owned 14,625 shares of the company’s stock, valued at $1,837,192.50. This trade represents a 32.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock worth $1,467,221 over the last 90 days. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Akamai Technologies by 11.2% in 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. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at $222,046,000. William Blair Investment Management LLC purchased a new stake in shares of Akamai Technologies during the 2nd quarter valued at $181,508,000. Legal & General Group Plc acquired a new stake in shares of Akamai Technologies in the 2nd quarter worth $159,564,000. Finally, Rubric Capital Management LP boosted its position in shares of Akamai Technologies by 8.3% in the 1st quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company’s stock worth $149,305,000 after purchasing an additional 100,000 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $99.93 on Wednesday. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45. The company has a market capitalization of $14.36 billion, a P/E ratio of 35.95, a PEG ratio of 4.78 and a beta of 0.62. The stock’s 50 day moving average is $110.24 and its 200 day moving average is $118.55. 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 released its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.09 billion. During the same period last year, the business earned $1.73 EPS. Akamai Technologies’s 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. On average, equities research analysts predict that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Akamai Technologies Company Profile

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Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.

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