Akamai Technologies (NASDAQ:AKAM) Stock Price Target Lowered at KeyCorp

Akamai Technologies (NASDAQ:AKAM) had its price objective reduced by KeyCorp from $195.00 to $175.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the technology infrastructure company’s stock.

Several other analysts also recently issued reports on the stock. UBS Group reduced their price target on shares of Akamai Technologies from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. President Capital raised their price objective on shares of Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. DA Davidson cut their price objective on Akamai Technologies from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Bank of America lifted their price objective on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Akamai Technologies in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.64.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock traded up $5.25 on Friday, hitting $83.09. The company’s stock had a trading volume of 10,415,146 shares, compared to its average volume of 4,834,514. The company has a market capitalization of $11.94 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 4.08 and a beta of 0.65. Akamai Technologies has a 52-week low of $76.75 and a 52-week high of $165.45. The firm has a fifty day moving average price of $101.55 and a 200-day moving average price of $112.24. 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) last posted its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.10. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS. On average, equities research analysts expect that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the transaction, the executive vice president directly owned 57,197 shares of the company’s stock, valued at $7,321,216. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AKAM. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Akamai Technologies in the second quarter valued at approximately $222,046,000. William Blair Investment Management LLC purchased a new position in shares of Akamai Technologies during the second quarter valued at approximately $181,508,000. Legal & General Group Plc purchased a new position in shares of Akamai Technologies during the second quarter valued at approximately $159,564,000. Atreides Management LP purchased a new position in shares of Akamai Technologies during the second quarter valued at approximately $107,640,000. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Akamai Technologies during the first quarter valued at approximately $91,880,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Akamai Technologies News

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

• Positive Sentiment: Third-quarter adjusted earnings of $1.77 per share topped the $1.67 consensus, while revenue rose 6.4% year over year to $1.12 billion, in line with expectations. Growth in cybersecurity and cloud services supported results. Article
• Positive Sentiment: Investors also have a longer-term growth narrative: Akamai highlighted AI-cloud business, including an Anthropic deal, and expects 2027 cloud infrastructure services revenue of $1.1 billion–$1.3 billion. Article
• Neutral Sentiment: Analyst views remain positive but targets were reduced: DA Davidson cut its target to $125 and KeyCorp to $175, both retaining favorable ratings; Susquehanna lowered its target to $90 while keeping a positive rating.
• Negative Sentiment: Near-term guidance may temper optimism. Fourth-quarter revenue guidance of $1.1 billion–$1.2 billion tops out below the $1.2 billion consensus, and the EPS range includes outcomes below the $1.63 estimate. Akamai also cited higher infrastructure costs and a shift in the timing of some Anthropic-related revenue; quarterly EPS declined from $1.86 a year ago. Article

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud, cybersecurity and content-delivery services that help organizations operate and protect applications, websites and digital media over the internet. Its distributed edge platform is designed to deliver online content closer to end users while improving performance, availability and resilience.

The company’s services include content delivery and application performance solutions, cloud computing capabilities, web and application security, distributed denial-of-service protection, bot management and zero-trust security tools.