Akamai Technologies (NASDAQ:AKAM) Given New $90.00 Price Target at Susquehanna

Akamai Technologies (NASDAQ:AKAM) had its price objective cut by Susquehanna from $140.00 to $90.00 in a research report released on Friday morning,Benzinga reports. They currently have a positive rating on the technology infrastructure company’s stock.

A number of other equities research analysts also recently commented on AKAM. Guggenheim reissued a “buy” rating on shares of Akamai Technologies in a research report on Friday, October 30th. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group dropped their target price on Akamai Technologies from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley cut their price target on Akamai Technologies from $165.00 to $149.00 and set an “overweight” rating on the stock in a research note on Monday, November 2nd. Finally, President Capital raised their price target on Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.64.

Akamai Technologies Stock Up 6.7%

Shares of AKAM stock traded up $5.25 during trading hours on Friday, reaching $83.09. 10,415,146 shares of the stock were exchanged, compared to its average volume of 4,834,514. The business’s fifty day moving average is $101.55 and its two-hundred day moving average is $112.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 1.64. Akamai Technologies has a 12-month low of $76.75 and a 12-month high of $165.45. The firm has a market capitalization of $11.94 billion, a P/E ratio of 32.21, a P/E/G ratio of 4.08 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last issued 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 for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $1.86 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. 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. As a group, research analysts expect that Akamai Technologies will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kim Salem-Jackson sold 2,013 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the transaction, the executive vice president owned 57,197 shares in the company, valued at approximately $7,321,216. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction on Friday, September 25th. The shares were sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the transaction, the executive vice president directly owned 14,625 shares in the company, valued at $1,837,192.50. This trade represents a 32.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,135 shares of company stock valued at $1,467,221. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of AKAM. Dimensional Fund Advisors LP lifted its position in 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 valued at $397,881,000 after acquiring an additional 349,451 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Akamai Technologies during the second quarter worth about $222,046,000. Pictet Asset Management Holding SA grew its holdings in shares of Akamai Technologies by 3.6% during the third quarter. Pictet Asset Management Holding SA now owns 1,731,292 shares of the technology infrastructure company’s stock worth $184,215,000 after purchasing an additional 59,453 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Akamai Technologies during the second quarter worth about $181,508,000. Finally, Legal & General Group Plc acquired a new stake in shares of Akamai Technologies during the second quarter worth about $159,564,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Akamai Technologies

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.