Akamai Technologies (AKAM) News Today

Akamai Technologies, Inc. (NASDAQ: AKAM) shares have risen, driven by a mix of strong quarterly results, upbeat guidance and strategic growth initiatives, even as some analysts trimmed price targets.

• Positive Sentiment: CEO Tom Leighton emphasized in a Bloomberg Tech interview that cybersecurity concerns and AI integration are fueling Akamai’s growth, including its recent addition to TikTok’s infrastructure roster. Akamai CEO Discusses Growth, AI and TikTok Inclusion
• Positive Sentiment: Second-quarter results beat expectations with revenue up 7% year-over-year to $1.043 billion and non-GAAP EPS rising 9% to $1.73; Akamai also raised both full-year revenue and EPS guidance above consensus. Akamai Q2 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Akamai outlined a 40%–45% cloud infrastructure ARR growth target and plans to expand its AI security and compute portfolio to capture surging demand. Akamai outlines 40%–45% cloud infrastructure ARR growth target while expanding AI security and compute portfolio
• Positive Sentiment: Analysts at Scotiabank kept an “outperform” rating and set a $95 price target, implying roughly 34.8% upside from current levels. Benzinga
• Neutral Sentiment: Overall brokerage consensus remains at “Hold,” reflecting mixed views on valuation despite strong execution. Akamai Technologies, Inc. Given Consensus Rating of “Hold” by Brokerages
• Neutral Sentiment: Piper Sandler maintained a neutral rating but trimmed its price target to $83, indicating a balanced risk/reward outlook. Benzinga
• Negative Sentiment: Raymond James lowered its price target to $84 from $110, signaling more cautious near-term expectations. Benzinga
• Negative Sentiment: Morgan Stanley downgraded AKAM to “Underweight,” reflecting concerns over the company’s growth trajectory relative to peers. Akamai Technologies (NASDAQ:AKAM) Lowered to “Underweight” Rating by Morgan Stanley