Akamai Technologies (NASDAQ:AKAM) Stock Rating Upgraded by JPMorgan Chase & Co.

Akamai Technologies (NASDAQ:AKAM) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $158.00 price target on the technology infrastructure company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 28.69% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Bank of America raised Akamai Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $130.00 to $175.00 in a research report on Wednesday, May 13th. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Friday, May 8th. The Goldman Sachs Group raised their target price on shares of Akamai Technologies from $76.00 to $87.00 and gave the company a “sell” rating in a research note on Friday, May 8th. Citigroup lifted their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Morgan Stanley boosted their price target on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies Trading Up 5.2%

Shares of NASDAQ:AKAM opened at $122.78 on Thursday. The company’s 50-day moving average price is $122.42 and its two-hundred day moving average price is $116.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.64 and a quick ratio of 2.06. Akamai Technologies has a one year low of $70.82 and a one year high of $165.45. The stock has a market capitalization of $17.65 billion, a PE ratio of 44.17, a price-to-earnings-growth ratio of 5.03 and a beta of 0.63.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts forecast that Akamai Technologies will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $129.41, for a total value of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a filing 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 the stock in a transaction on Wednesday, June 10th. The stock was 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. The trade was 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. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Akamai Technologies during the second quarter worth approximately $1,641,000. Commerce Bank bought a new position in Akamai Technologies in the 2nd quarter valued at about $1,752,000. Evolve Private Wealth LLC acquired a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $441,000. X Square Capital LLC bought a new stake in Akamai Technologies during the second quarter worth $646,000. Finally, William Blair Investment Management LLC bought a new position in shares of Akamai Technologies in the 2nd quarter valued at $181,508,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.