Akamai Technologies (NASDAQ:AKAM) Stock Price Target Lowered at Piper Sandler

Key Points

• Piper Sandler lowered Akamai Technologies’ price target from $158 to $120 while maintaining an “overweight” rating, implying 33.88% upside from the prior close.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average price target of $148.29, despite varied targets ranging from $120 to $185.
• Akamai beat quarterly estimates with $1.59 in adjusted EPS and $1.10 billion in revenue, though revenue grew 5.4% year over year and EPS declined from $1.73 in the comparable period.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) had its price target reduced by stock analysts at Piper Sandler from $158.00 to $120.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the technology infrastructure company's stock. Piper Sandler's target price would indicate a potential upside of 33.88% from the company's previous close.

Other analysts have also issued research reports about the stock. President Capital lifted their price objective on shares of Akamai Technologies from $150.00 to $168.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. JPMorgan Chase & Co. boosted their target price on shares of Akamai Technologies from $158.00 to $167.00 and gave the stock a "neutral" rating in a research report on Friday, September 25th. HSBC downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $123.00 in a research note on Monday, August 10th. Bank of America raised their price target on shares of Akamai Technologies from $175.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 25th. Finally, UBS Group lifted their price target on shares of Akamai Technologies from $143.00 to $148.00 and gave the stock a "neutral" rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.29.

Akamai Technologies Price Performance

Shares of NASDAQ AKAM opened at $89.63 on Wednesday. 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 1-year low of $70.82 and a 1-year high of $165.45. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 4.10 and a beta of 0.62. The business has a 50-day moving average of $107.49 and a 200-day moving average of $117.68.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%. The company's revenue was up 5.4% on a year-over-year basis. During the same period last 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 anticipate that Akamai Technologies will post 3.58 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 3,100 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total transaction of $327,453.00. Following the sale, the executive vice president directly owned 28,472 shares in the company, valued at $3,007,497.36. The trade was a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mani Sundaram sold 7,022 shares of Akamai Technologies stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the sale, the executive vice president owned 14,625 shares in the company, valued at $1,837,192.50. This represents a 32.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,135 shares of company stock valued at $1,467,221. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Akamai Technologies

A number of institutional investors have recently made changes to their positions in AKAM. Dimensional Fund Advisors LP grew its position in shares of Akamai Technologies by 11.2% during 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 buying an additional 349,451 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies in the second quarter valued at $222,046,000. William Blair Investment Management LLC acquired a new stake in Akamai Technologies in the second quarter valued at $181,508,000. Legal & General Group Plc acquired a new stake in Akamai Technologies in the second quarter valued at $159,564,000. Finally, Rubric Capital Management LP boosted its stake in Akamai Technologies by 8.3% during the 1st quarter. Rubric Capital Management LP now owns 1,300,000 shares of the technology infrastructure company's stock valued at $149,305,000 after acquiring an additional 100,000 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

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.

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