Scotiabank Issues Positive Forecast for Akamai Technologies (NASDAQ:AKAM) Stock Price

Key Points

• Scotiabank raised its price target on Akamai Technologies from $120 to $180 and kept a sector outperform rating, implying roughly 22% upside from the current price.
• Other analysts have also been active on the stock, with several firms lifting targets, though the overall consensus remains Hold with an average price target of about $130.40.
• Akamai reported solid recent results, including $1.84 EPS on $1.09 billion in revenue, and the company highlighted FY 2026 guidance alongside growing interest from investors in its cloud and security business.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) had its price target lifted by stock analysts at Scotiabank from $120.00 to $180.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "sector outperform" rating on the technology infrastructure company's stock. Scotiabank's price target would suggest a potential upside of 21.86% from the company's current price.

A number of other brokerages also recently weighed in on AKAM. Oppenheimer upped their price target on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Akamai Technologies in a report on Friday, March 27th. KeyCorp upped their price objective on shares of Akamai Technologies from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, February 20th. TD Cowen reduced their price objective on shares of Akamai Technologies from $104.00 to $100.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Finally, Evercore initiated coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They set an "outperform" rating and a $130.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $130.40.

Akamai Technologies Price Performance

NASDAQ AKAM traded up $31.02 on Friday, reaching $147.71. The company's stock had a trading volume of 21,136,227 shares, compared to its average volume of 4,822,833. Akamai Technologies has a twelve month low of $69.78 and a twelve month high of $149.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The stock has a market cap of $21.42 billion, a PE ratio of 47.96, a PEG ratio of 4.19 and a beta of 0.45. The firm's 50 day moving average is $105.43 and its two-hundred day moving average is $94.85.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.09. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $1.66 EPS. Akamai Technologies's revenue was up 7.4% on a year-over-year basis. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. As a group, sell-side analysts predict that Akamai Technologies will post 4.17 EPS for the current year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 1,722 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $98.58, for a total transaction of $169,754.76. Following the completion of the sale, the executive vice president directly owned 21,647 shares of the company's stock, valued at approximately $2,133,961.26. This represents a 7.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anthony P. Williams sold 15,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $104.29, for a total transaction of $1,564,350.00. Following the sale, the executive vice president directly owned 22,064 shares of the company's stock, valued at $2,301,054.56. This represents a 40.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 57,454 shares of company stock valued at $5,889,371. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Akamai Technologies

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of Akamai Technologies by 59.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company's stock worth $4,662,000 after purchasing an additional 15,091 shares in the last quarter. AlTi Global Inc. purchased a new stake in shares of Akamai Technologies in the first quarter worth approximately $1,194,000. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $397,881,000 after purchasing an additional 349,451 shares in the last quarter. SEB Asset Management AB purchased a new stake in shares of Akamai Technologies in the first quarter worth approximately $3,242,000. Finally, Swiss National Bank lifted its position in shares of Akamai Technologies by 0.7% in the first quarter. Swiss National Bank now owns 284,700 shares of the technology infrastructure company's stock worth $32,698,000 after purchasing an additional 2,100 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Akamai Technologies News Summary

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Akamai reported first-quarter revenue of $1.074 billion, up 6% year over year, and non-GAAP EPS of $1.61, matching Wall Street estimates while showing solid demand in security and cloud infrastructure. Akamai Reports First Quarter 2026 Financial Results
• Positive Sentiment: The company said a leading frontier-model provider committed $1.8 billion over seven years for Akamai’s cloud infrastructure services, giving investors a clear signal that its AI-related business could become a much larger growth driver. Akamai Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analysts turned more constructive after the report, with price targets lifted by RBC, UBS, Guggenheim, and Craig Hallum, reflecting improved expectations for Akamai’s growth outlook. Analyst updates
• Neutral Sentiment: Akamai’s second-quarter and full-year guidance was mixed versus expectations: FY 2026 EPS guidance was raised, but Q2 profit and revenue outlooks were below some Wall Street estimates, suggesting near-term margin pressure from higher infrastructure costs and cautious enterprise spending. Akamai forecasts quarterly results below expectations
• Neutral Sentiment: Unusually heavy call-option buying also points to traders positioning for more upside, but that activity is more of a momentum signal than a fundamental catalyst. Why Akamai Shares Are Trading Higher By 26%

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.

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