Scotiabank Issues Positive Forecast for Akamai Technologies (NASDAQ:AKAM) Stock Price

Akamai Technologies (NASDAQ:AKAM) had its price objective lifted by stock analysts at Scotiabank from $120.00 to $180.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector outperform” rating on the technology infrastructure company’s stock. Scotiabank’s price objective would suggest a potential upside of 21.86% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Morgan Stanley raised their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Akamai Technologies in a research report on Thursday, April 2nd. Citigroup raised their price objective on shares of Akamai Technologies from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Guggenheim raised their price objective on shares of Akamai Technologies from $133.00 to $181.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their price objective on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday. Eleven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $130.40.

Akamai Technologies Stock Up 26.6%

AKAM traded up $31.02 during midday trading on Friday, hitting $147.71. 21,136,227 shares of the company’s stock traded hands, compared to its average volume of 4,822,833. The company has a market cap of $21.42 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 4.19 and a beta of 0.45. The stock’s fifty day simple moving average is $105.43 and its 200-day simple moving average is $94.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 2.36. Akamai Technologies has a one year low of $69.78 and a one year high of $149.76.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.09. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 earnings per share. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, equities analysts anticipate that Akamai Technologies will post 4.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jon Miller sold 11,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total value of $1,129,370.00. Following the completion of the sale, the director directly owned 22,806 shares in the company, valued at approximately $2,341,492.02. The trade was a 32.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mani Sundaram sold 1,722 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $98.58, for a total transaction of $169,754.76. Following the completion of the sale, the executive vice president owned 21,647 shares of the company’s stock, valued at $2,133,961.26. The trade was a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,454 shares of company stock valued at $5,889,371 in the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Akamai Technologies by 59.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock worth $4,662,000 after buying an additional 15,091 shares during the last quarter. AlTi Global Inc. acquired a new stake in shares of Akamai Technologies in the first quarter worth $1,194,000. Dimensional Fund Advisors LP grew its stake in shares of Akamai Technologies by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,464,793 shares of the technology infrastructure company’s stock worth $397,881,000 after acquiring an additional 349,451 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Akamai Technologies in the first quarter worth $3,242,000. Finally, Swiss National Bank grew its stake in shares of Akamai Technologies by 0.7% in the first quarter. Swiss National Bank now owns 284,700 shares of the technology infrastructure company’s stock worth $32,698,000 after acquiring an additional 2,100 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Akamai Technologies News Summary

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

• Positive Sentiment: Akamai reported first-quarter revenue of $1.074 billion, up 6% year over year, and non-GAAP EPS of $1.61, matching Wall Street estimates while showing solid demand in security and cloud infrastructure. Akamai Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company said a leading frontier-model provider committed $1.8 billion over seven years for Akamai’s cloud infrastructure services, giving investors a clear signal that its AI-related business could become a much larger growth driver. Akamai Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with price targets lifted by RBC, UBS, Guggenheim, and Craig Hallum, reflecting improved expectations for Akamai’s growth outlook. Analyst updates
• Neutral Sentiment: Akamai’s second-quarter and full-year guidance was mixed versus expectations: FY 2026 EPS guidance was raised, but Q2 profit and revenue outlooks were below some Wall Street estimates, suggesting near-term margin pressure from higher infrastructure costs and cautious enterprise spending. Akamai forecasts quarterly results below expectations
• Neutral Sentiment: Unusually heavy call-option buying also points to traders positioning for more upside, but that activity is more of a momentum signal than a fundamental catalyst. Why Akamai Shares Are Trading Higher By 26%

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.