Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $170.00

Akamai Technologies (NASDAQ:AKAM) had its price objective increased by Raymond James Financial from $140.00 to $170.00 in a research report sent to investors on Monday,MarketScreener reports.

Several other equities research analysts also recently issued reports on AKAM. KeyCorp raised their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group raised their price objective on shares of Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.76.

Akamai Technologies Trading Up 7.7%

Shares of NASDAQ:AKAM opened at $161.14 on Monday. Akamai Technologies has a 52-week low of $69.78 and a 52-week high of $165.45. The company has a market capitalization of $23.43 billion, a P/E ratio of 54.26, a price-to-earnings-growth ratio of 5.16 and a beta of 0.45. The company has a 50-day simple moving average of $109.74 and a 200 day simple moving average of $97.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.36 and a current ratio of 2.06.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.70 EPS. Akamai Technologies’s revenue was up 5.8% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Sell-side analysts forecast that Akamai Technologies will post 4.15 earnings per share for the current year.

Insider Activity

In other Akamai Technologies news, CAO Laura Howell sold 11,273 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the completion of the sale, the chief accounting officer directly owned 12,559 shares in the company, valued at $1,257,658.26. This trade represents a 47.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jon Miller sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the sale, the director owned 22,806 shares of the company’s stock, valued at $2,341,492.02. This trade represents a 32.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 57,454 shares of company stock valued at $5,889,371. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AKAM. Whittier Trust Co. of Nevada Inc. raised its position in shares of Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 251 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 195 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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. JFS Wealth Advisors LLC increased its position in shares of Akamai Technologies by 626.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after purchasing an additional 263 shares during the period. Finally, Wolff Wiese Magana LLC increased its position in shares of Akamai Technologies by 497.0% in the third quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after purchasing an additional 333 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Bank of America upgraded Akamai to Buy from Neutral and raised its price target to $175 from $130, saying the company is increasingly being viewed as an AI infrastructure play rather than just a content delivery network provider. Akamai Technologies upgraded by Bank of America on AI infrastructure shift
• Positive Sentiment: Several other analysts also turned more constructive, with HSBC, Susquehanna and Raymond James all lifting price targets, signaling broader Wall Street confidence in Akamai’s growth outlook. Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $171.00 at HSBC
• Positive Sentiment: News that Anthropic signed a $1.8 billion cloud-computing deal with Akamai added to optimism that the company is gaining traction in AI-related infrastructure demand. Anthropic secures $1.8bn cloud deal with Akamai for AI expansion
• Neutral Sentiment: One analysis noted that Akamai’s CDN business still faces competitive pressure and pricing weakness, but said security and cloud computing could help reaccelerate growth starting in 2026. Akamai: Security And Cloud Computing To Reaccelerate Growth
• Neutral Sentiment: Earlier stock moves were also supported by the upgrade-driven rally, with AKAM trading near its 52-week high as investors reacted to the AI-infrastructure narrative. Akamai stock soars: here’s why BofA is betting on the stock

About Akamai Technologies

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.