Akamai Technologies, Inc. (AKAM)
NASDAQ: AKAM · IEX Real-Time Price · USD
102.22
-1.25 (-1.21%)
Apr 15, 2024, 4:00 PM EDT - Market closed
Akamai Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for Akamai stock have an average target of 119.47, with a low estimate of 81 and a high estimate of 150. The average target predicts an increase of 16.88% from the current stock price of 102.22.
Analyst Consensus: Buy
* Price targets were last updated on Mar 8, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 8 | 8 | 8 | 8 | 9 | 9 |
| Hold | 8 | 8 | 8 | 7 | 5 | 5 |
| Sell | 1 | 1 | 1 | 2 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 20 | 20 | 20 | 20 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Tigress Financial | Tigress Financial | Strong Buy Maintains $132 → $140 | Strong Buy | Maintains | $132 → $140 | +36.96% | Mar 8, 2024 |
| Baird | Baird | Hold → Buy Upgrades $128 → $135 | Hold → Buy | Upgrades | $128 → $135 | +32.07% | Mar 7, 2024 |
| HSBC | HSBC | Hold → Sell Downgrades $109 → $96 | Hold → Sell | Downgrades | $109 → $96 | -6.08% | Feb 15, 2024 |
| Baird | Baird | Hold Maintains $120 → $128 | Hold | Maintains | $120 → $128 | +25.22% | Feb 14, 2024 |
| JP Morgan | JP Morgan | Sell Maintains $78 → $81 | Sell | Maintains | $78 → $81 | -20.76% | Feb 14, 2024 |
Financial Forecast
Revenue This Year
4.16B
from 3.81B
Increased by 9.18%
Revenue Next Year
4.48B
from 4.16B
Increased by 7.59%
EPS This Year
6.86
from 3.52
Increased by 94.96%
EPS Next Year
7.48
from 6.86
Increased by 9.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.3B | 4.7B | 5.0B | 5.9B | 6.5B |
| Avg | 4.2B | 4.5B | 4.8B | 5.4B | 5.9B |
| Low | 4.0B | 4.2B | 4.4B | 5.0B | 5.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.6% | 13.6% | 12.4% | 22.6% | 19.3% |
| Avg | 9.2% | 7.6% | 6.9% | 13.1% | 8.9% |
| Low | 3.9% | 1.0% | -1.7% | 4.3% | -2.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.26 | 8.40 | 8.97 | 10.07 | 10.67 |
| Avg | 6.86 | 7.48 | 8.10 | 9.70 | 10.36 |
| Low | 6.26 | 6.57 | 6.78 | 9.23 | 9.96 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 106.1% | 22.4% | 19.9% | 24.3% | 10.0% |
| Avg | 95.0% | 9.0% | 8.3% | 19.7% | 6.9% |
| Low | 77.8% | -4.2% | -9.3% | 14.0% | 2.7% |
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.