Akamai Technologies (NASDAQ:AKAM) Raised to “Buy” at Bank of America

Akamai Technologies (NASDAQ:AKAM) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $175.00 price objective on the technology infrastructure company’s stock. Bank of America‘s target price suggests a potential upside of 17.01% from the stock’s previous close.

AKAM has been the topic of several other reports. Evercore began coverage on Akamai Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $130.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a report on Friday, May 8th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Friday, May 8th. Guggenheim raised their target price on shares of Akamai Technologies from $133.00 to $181.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Citigroup lifted their target price on shares of Akamai Technologies from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.76.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $149.56 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.84. The firm has a market cap of $21.74 billion, a P/E ratio of 50.36, a P/E/G ratio of 5.28 and a beta of 0.45. Akamai Technologies has a 1-year low of $69.78 and a 1-year high of $156.32. The firm has a 50-day moving average of $108.47 and a 200-day moving average of $96.43.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.Akamai Technologies’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 EPS. 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 expect that Akamai Technologies will post 4.15 EPS for the current year.

Insider Activity

In other Akamai Technologies news, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction 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 completion of the transaction, the director 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, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $108.00, for a total value of $378,000.00. Following the completion of the sale, the chief technology officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Akamai Technologies in the 4th quarter worth about $192,959,000. AQR Capital Management LLC grew its position in Akamai Technologies by 522.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock valued at $153,061,000 after purchasing an additional 1,695,937 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Akamai Technologies by 570.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,634,040 shares of the technology infrastructure company’s stock valued at $123,795,000 after purchasing an additional 1,390,167 shares in the last quarter. Rubric Capital Management LP bought a new stake in Akamai Technologies during the 4th quarter valued at about $104,700,000. Finally, Nordea Investment Management AB raised its holdings in Akamai Technologies by 39.9% in the third quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company’s stock worth $258,739,000 after buying an additional 980,966 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors.

Akamai Technologies Company Profile

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.