Akamai Technologies (NASDAQ:AKAM) Price Target Cut to $122.00 by Analysts at Citigroup

Akamai Technologies (NASDAQ:AKAM) had its target price decreased by analysts at Citigroup from $160.00 to $122.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the technology infrastructure company’s stock. Citigroup’s target price would suggest a potential upside of 16.13% from the company’s previous close.

A number of other equities research analysts have also recently commented on AKAM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Piper Sandler upgraded Akamai Technologies from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $140.00 to $125.00 in a report on Tuesday. Zacks Research upgraded Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $130.00 to $175.00 in a research note on Wednesday, May 13th. Finally, HSBC downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $123.00 in a research report on Monday, August 10th. Thirteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $141.62.

Akamai Technologies Trading Down 1.4%

NASDAQ AKAM traded down $1.44 during trading hours on Friday, hitting $105.06. The company’s stock had a trading volume of 514,654 shares, compared to its average volume of 4,512,366. Akamai Technologies has a twelve month low of $70.82 and a twelve month high of $165.45. The firm has a market capitalization of $15.10 billion, a P/E ratio of 37.83, a PEG ratio of 4.83 and a beta of 0.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average of $116.13 and a 200 day moving average of $118.07.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.73 EPS. 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. Equities research analysts forecast that Akamai Technologies will post 3.67 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Robert Blumofe sold 243 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $129.41, for a total transaction of $31,446.63. Following the sale, the chief technology officer owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of Akamai Technologies stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total value of $311,811.00. Following the transaction, the executive vice president owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Large investors have recently made changes to their positions in the stock. Silvant Capital Management LLC acquired a new position in Akamai Technologies in the 2nd quarter worth $32,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Akamai Technologies during the fourth quarter worth about $31,000. Root Financial Partners LLC grew its holdings in shares of Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Akamai Technologies during the second quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Akamai Technologies in the 1st quarter valued at approximately $47,000. 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.