Citigroup Forecasts Strong Price Appreciation for Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies (NASDAQ:AKAM) had its target price boosted by Citigroup from $88.00 to $103.00 in a research report issued on Friday, Marketbeat reports. The firm currently has a “neutral” rating on the technology infrastructure company’s stock. Citigroup’s price target suggests a potential upside of 10.17% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Piper Sandler lifted their price target on Akamai Technologies from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Bank of America cut their target price on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Jefferies Financial Group lowered shares of Akamai Technologies to an “underperform” rating in a report on Monday, December 15th. President Capital raised their price target on shares of Akamai Technologies from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Oppenheimer assumed coverage on shares of Akamai Technologies in a research report on Monday, November 17th. They issued an “outperform” rating and a $100.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.11.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $93.49 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.87. The stock has a market cap of $13.45 billion, a PE ratio of 27.42, a PEG ratio of 3.38 and a beta of 0.68. The company’s fifty day moving average is $88.08 and its 200 day moving average is $80.55. Akamai Technologies has a 52 week low of $67.51 and a 52 week high of $103.75.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, November 6th. The technology infrastructure company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.22. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Akamai Technologies had a net margin of 12.26% and a return on equity of 14.16%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. 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. Research analysts anticipate that Akamai Technologies will post 4.6 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other news, CFO Edward J. Mcgowan sold 6,560 shares of Akamai Technologies stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $88.03, for a total transaction of $577,476.80. Following the sale, the chief financial officer owned 16,442 shares of the company’s stock, valued at approximately $1,447,389.26. The trade was a 28.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mani Sundaram sold 10,438 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $89.25, for a total transaction of $931,591.50. Following the transaction, the executive vice president owned 13,550 shares in the company, valued at $1,209,337.50. This represents a 43.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,818 shares of company stock worth $2,550,754. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in Akamai Technologies by 295.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 336 shares of the technology infrastructure company’s stock worth $26,000 after purchasing an additional 251 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Akamai Technologies by 130.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 345 shares of the technology infrastructure company’s stock valued at $26,000 after buying an additional 195 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Akamai Technologies by 566.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 340 shares of the technology infrastructure company’s stock worth $26,000 after buying an additional 289 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after buying an additional 263 shares during the period. Finally, Wolff Wiese Magana LLC increased its stake in shares of Akamai Technologies by 497.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 400 shares of the technology infrastructure company’s stock worth $30,000 after acquiring an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.