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Akamai Technologies, Inc. (AKAM)
NASDAQ: AKAM · IEX Real-Time Price · USD
90.82
+1.29 (1.44%)
At close: Jul 2, 2024, 4:00 PM
90.66
-0.16 (-0.18%)
After-hours: Jul 2, 2024, 7:43 PM EDT

Akamai Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Akamai stock have an average target of 114.53, with a low estimate of 81 and a high estimate of 140. The average target predicts an increase of 26.11% from the current stock price of 90.82.

Analyst Consensus: Buy
Target Low Average Median High
Price $81 $114.53 $115 $140
Change -10.81% +26.11% +26.62% +54.15%
* Price targets were last updated on May 10, 2024.

Analyst Ratings

The average analyst rating for Akamai stock from 19 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 333344
Buy 889866
Hold 875577
Sell 122222
Strong Sell 000000
Total 202019181919

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Alex Henderson
Needham
 Needham
Hold
Reiterates
n/a
 Hold Reiterates n/a n/a May 17, 2024
Michael Elias
TD Cowen
 TD Cowen
Strong Buy
Maintains
$130 → $129
 Strong Buy Maintains $130 → $129 +42.04% May 10, 2024
Brandon Nispel
Keybanc
 Keybanc
Buy
Maintains
$138 → $119
 Buy Maintains $138 → $119 +31.03% May 10, 2024
Frank Louthan
Raymond James
 Raymond James
Buy
Maintains
$138 → $115
 Buy Maintains $138 → $115 +26.62% May 10, 2024
Jeff Van Rhee
Craig-Hallum
 Craig-Hallum
Hold
Maintains
$120 → $110
 Hold Maintains $120 → $110 +21.12% May 10, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
4.07B
from 3.81B
Increased by 6.80%
Revenue Next Year
4.37B
from 4.07B
Increased by 7.42%
EPS This Year
6.44
from 3.52
Increased by 82.87%
EPS Next Year
6.90
from 6.44
Increased by 7.16%
Year 2019202020212022202320242025202620272028
Revenue
2.89B3.20B3.46B3.62B3.81B4.07B4.37B4.75B5.24B5.68B
Revenue Growth
6.60%10.52%8.23%4.49%5.40%6.80%7.42%8.64%10.29%8.40%
EPS
2.903.373.933.263.526.446.907.759.1410.25
EPS Growth
64.77%16.21%16.62%-17.05%7.98%82.87%7.16%12.31%18.04%12.05%
Forward PE
-----14.1113.1711.729.938.86
No. Analysts -----25251044
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 4.2B 4.6B 5.1B 5.6B 6.2B
Avg 4.1B 4.4B 4.8B 5.2B 5.7B
Low 3.9B 4.1B 4.4B 4.8B 5.2B

Revenue Growth

Revenue Growth 20242025202620272028
High
10.9%
13.5%
16.6%
17.7%
17.7%
Avg
6.8%
7.4%
8.6%
10.3%
8.4%
Low
2.0%
1.8%
0.6%
1.8%
-1.5%

EPS Forecast

EPS 20242025202620272028
High 6.74 7.89 8.52 9.50 10.97
Avg 6.44 6.90 7.75 9.14 10.25
Low 5.91 5.69 6.96 8.70 9.45

EPS Growth

EPS Growth 20242025202620272028
High
91.4%
22.5%
23.5%
22.7%
20.0%
Avg
82.9%
7.2%
12.3%
18.0%
12.0%
Low
67.9%
-11.6%
0.9%
12.3%
3.3%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.