Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $165.00

Akamai Technologies (NASDAQ:AKAM) had its price target upped by research analysts at Morgan Stanley from $120.00 to $165.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the technology infrastructure company’s stock. Morgan Stanley’s price target would suggest a potential upside of 2.40% from the stock’s current price.

Several other research analysts have also commented on the company. HSBC raised their price target on Akamai Technologies from $134.00 to $171.00 in a research report on Monday. Oppenheimer raised their price target on Akamai Technologies from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. UBS Group raised their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Bank of America upgraded Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $130.00 to $175.00 in a report on Wednesday. Finally, Evercore started coverage on Akamai Technologies in a report on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price for the company. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies has an average rating of “Hold” and an average target price of $142.90.

Akamai Technologies Trading Up 7.7%

AKAM opened at $161.14 on Thursday. Akamai Technologies has a 52 week low of $69.78 and a 52 week high of $165.45. The business has a fifty day simple moving average of $109.74 and a 200-day simple moving average of $97.04. The firm has a market cap of $23.43 billion, a P/E ratio of 54.26, a P/E/G ratio of 5.16 and a beta of 0.45. The company has a quick ratio of 2.36, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $1.70 earnings per share. The company’s quarterly 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. On average, equities analysts expect that Akamai Technologies will post 4.15 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 3,500 shares of Akamai Technologies stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $108.00, for a total value of $378,000.00. Following the completion of the transaction, the chief technology officer owned 14,574 shares in the company, valued at $1,573,992. This trade represents a 19.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mani Sundaram sold 8,642 shares of Akamai Technologies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $101.25, for a total transaction of $875,002.50. Following the completion of the transaction, the executive vice president owned 19,923 shares of the company’s stock, valued at $2,017,203.75. The trade was a 30.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 57,454 shares of company stock valued at $5,889,371. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently bought and sold shares of the company. Rakuten Investment Management Inc. purchased a new position in Akamai Technologies during the third quarter valued at approximately $5,323,000. Fox Run Management L.L.C. grew its stake in Akamai Technologies by 467.7% during the third quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after acquiring an additional 15,772 shares in the last quarter. National Pension Service grew its stake in Akamai Technologies by 48.5% during the third quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock valued at $5,160,000 after acquiring an additional 22,242 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Akamai Technologies by 42.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock valued at $19,040,000 after acquiring an additional 74,791 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in Akamai Technologies by 71.5% during the third quarter. New York Life Investment Management LLC now owns 34,051 shares of the technology infrastructure company’s stock valued at $2,580,000 after acquiring an additional 14,192 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s 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.