Akamai Technologies (NASDAQ:AKAM) Price Target Raised to $103.00

Akamai Technologies (NASDAQ:AKAM) had its target price lifted by Citigroup from $88.00 to $103.00 in a report released on Friday morning, MarketBeat Ratings reports. Citigroup currently has a neutral rating on the technology infrastructure company’s stock.

Several other analysts have also commented on the company. Morgan Stanley raised Akamai Technologies from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $83.00 to $115.00 in a report on Monday, January 12th. HSBC raised their target price on Akamai Technologies from $130.00 to $134.00 in a research report on Monday, November 10th. Oppenheimer initiated coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They set an “outperform” rating and a $100.00 price target for the company. TD Cowen raised their price objective on shares of Akamai Technologies from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Thursday, November 13th. Finally, Piper Sandler boosted their target price on shares of Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $96.11.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $93.49 on Friday. Akamai Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $103.75. The stock’s 50 day simple moving average is $88.08 and its two-hundred day simple moving average is $80.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.38 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. Akamai Technologies’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. As a group, analysts expect that Akamai Technologies will post 4.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Adam Karon sold 3,320 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $87.30, for a total value of $289,836.00. Following the sale, the chief operating officer owned 7,785 shares in the company, valued at approximately $679,630.50. The trade was a 29.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $90.17, for a total transaction of $450,850.00. Following the sale, the executive vice president owned 17,513 shares in the company, valued at $1,579,147.21. This represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,818 shares of company stock worth $2,550,754. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

A number of institutional investors and hedge funds have recently modified their holdings of AKAM. Perigon Wealth Management LLC boosted its holdings in shares of Akamai Technologies by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,502 shares of the technology infrastructure company’s stock valued at $480,000 after purchasing an additional 115 shares during the period. FNY Investment Advisers LLC bought a new stake in Akamai Technologies during the 4th quarter valued at $261,000. Ipswich Investment Management Co. Inc. bought a new stake in Akamai Technologies during the 4th quarter valued at $203,000. Tema Etfs LLC purchased a new stake in shares of Akamai Technologies in the 4th quarter worth $132,000. Finally, Delta Capital Management LLC bought a new position in shares of Akamai Technologies during the 4th quarter worth $225,000. 94.28% of the stock is owned by institutional investors.

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.