Akamai Technologies (AKAM) Stock Forecast & Price Target

$96.54

-2.58 (-2.60%)

(As of 09/6/2024 ET)

Akamai Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for Akamai Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 1 has given a sell rating, 6 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for AKAM.

Consensus Price Target

$116.47
20.64% Upside

High Forecast	$140.00
Average Forecast	$116.47
Low Forecast	$81.00

According to the 19 analysts' twelve-month price targets for Akamai Technologies, the average price target is $116.47. The highest price target for AKAM is $140.00, while the lowest price target for AKAM is $81.00. The average price target represents a forecasted upside of 20.64% from the current price of $96.54.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$116.47	$114.44	$114.00	$109.41
Forecasted Upside	20.64% Upside	16.31% Upside	13.90% Upside	14.75% Upside

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AKAM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AKAM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Akamai Technologies Stock vs. The Competition

Type	Akamai Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.63	2.64	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.64% Upside	202.33% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Tigress Financial 2 of 5 stars		Reiterated Rating	Strong-Buy ➝ Strong-Buy	$140.00 ➝ $140.00	+37.80%
8/15/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$100.00 ➝ $100.00	-0.81%
8/9/2024	Scotiabank 5 of 5 stars	P. Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$110.00 ➝ $115.00	+13.29%
8/9/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$129.00 ➝ $131.00	+28.32%
8/9/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$115.00 ➝ $115.00	+12.83%
8/9/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
Get the Latest News and Ratings for AKAM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Akamai Technologies and its competitors with MarketBeat's FREE daily newsletter.
8/9/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Van. Rhee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$110.00 ➝ $125.00	+36.51%
7/29/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Mcdonough Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$128.00	+32.00%
7/24/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
7/24/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$96.00	-0.06%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$114.00 ➝ $112.00	+17.72%
5/10/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$138.00 ➝ $115.00	+25.31%
5/10/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$138.00 ➝ $119.00	+29.32%
5/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$117.00 ➝ $106.00	+12.12%
5/10/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$150.00 ➝ $135.00	+31.76%
5/10/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$135.00 ➝ $120.00	+17.12%
5/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$145.00 ➝ $125.00	+22.00%
4/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$140.00 ➝ $117.00	+14.94%
2/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$78.00 ➝ $81.00	-29.44%
8/9/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$105.00 ➝ $115.00	+11.62%
4/19/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
4/11/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Overweight	$93.00	+18.88%
3/1/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$91.00 ➝ $79.00	+9.18%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$137.00 ➝ $105.00	+19.60%
11/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$164.00 ➝ $137.00	+63.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:22 PM ET.

AKAM Forecast - Frequently Asked Questions

What is Akamai Technologies' forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Akamai Technologies is $116.47, with a high forecast of $140.00 and a low forecast of $81.00.
Should I buy or sell Akamai Technologies stock right now?: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There is currently 1 sell rating, 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AKAM shares.
Does Akamai Technologies's stock price have much upside?: According to analysts, Akamai Technologies's stock has a predicted upside of 17.16% based on their 12-month stock forecasts.
Has Akamai Technologies been upgraded by Wall Street analysts recently?: Over the previous 90 days, Akamai Technologies's stock had 4 upgrades by analysts.
What analysts cover Akamai Technologies?: Akamai Technologies has been rated by research analysts at Craig Hallum, DA Davidson, Guggenheim, Hsbc Global Res, HSBC, Needham & Company LLC, Piper Sandler, Royal Bank of Canada, Scotiabank, TD Cowen, and Tigress Financial in the past 90 days.
Do Wall Street analysts like Akamai Technologies more than its competitors?: Analysts like Akamai Technologies less than other "computer and technology" companies. The consensus rating score for Akamai Technologies is 2.63 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how AKAM compares to other companies.