Akamai Technologies (AKAM) Stock Forecast & Price Target

$100.04

-0.53 (-0.53%)

(As of 11/4/2024 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

Sell
1

Hold
6

Buy
12

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
16.42% Upside

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 16.42% from the current price of $100.04.

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AKAM Analyst Ratings Over Time

Type	Current Forecast 11/6/23 to 11/5/24	1 Month Ago 10/7/23 to 10/6/24	3 Months Ago 8/8/23 to 8/7/24	1 Year Ago 11/6/22 to 11/6/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$116.47	$116.47	$114.44	$109.72
Forecasted Upside	16.42% Upside	14.77% Upside	23.54% Upside	1.18% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	16.42% Upside	322.10% Upside	10.47% Upside
News Sentiment Rating	Positive News See Recent AKAM 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 Tuesday at 09:45 AM ET.

Should I Buy Akamai Technologies Stock? AKAM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these Akamai Technologies pros and cons to contact@marketbeat.com.

Akamai Technologies
Bull Case

Here are some ways that investors could benefit from investing in Akamai Technologies, Inc.:

Akamai Technologies, Inc. stock price is currently at $99.52, showing stability and potential for growth.
Akamai Technologies reported a strong quarterly earnings performance, surpassing analysts' expectations with $1.58 EPS.
The company's revenue increased by 4.7% year-over-year, indicating positive growth and market demand for its services.
Akamai Technologies has a solid return on equity of 14.78%, showcasing efficient utilization of shareholder funds.
Institutional investors, including Canada Pension Plan Investment Board, have maintained significant stakes in the company, indicating confidence in its future prospects.

Akamai Technologies
Bear Case

Investors should be bearish about investing in Akamai Technologies, Inc. for these reasons:

Andra AP fonden significantly reduced its stake in Akamai Technologies by 54.2% in the second quarter, signaling a lack of confidence in the company's performance.
The stock has experienced fluctuations, with a 1-year low of $87.59 and a 1-year high of $129.17, indicating potential volatility in the market.
The PEG ratio of Akamai Technologies stands at 3.10, suggesting that the stock may be overvalued relative to its future growth potential.
The company's debt-to-equity ratio is 0.50, which may raise concerns about its financial leverage and ability to manage debt obligations.
While the stock has a market cap of $15.16 billion, the beta of 0.68 implies lower volatility compared to the market, potentially limiting short-term gains.

AKAM Forecast - Frequently Asked Questions

: 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.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. 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 analysts is that investors should "moderate buy" AKAM shares.
: According to analysts, Akamai Technologies's stock has a predicted upside of 16.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Akamai Technologies's stock had 1 upgrade by analysts.
: Akamai Technologies has been rated by research analysts at Craig Hallum, DA Davidson, Needham & Company LLC, Royal Bank of Canada, Scotiabank, TD Cowen, and Tigress Financial in the past 90 days.
: 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 2.67. Learn more on how AKAM compares to other companies.

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This page (NASDAQ:AKAM) was last updated on 11/5/2024 by MarketBeat.com Staff

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Akamai Technologies (AKAM) Stock Forecast & Price Target