Piper Sandler Cuts AKAM Price Target to $120

On October 21, 2026, Piper Sandler maintained its Overweight rating on Akamai Technologies, Inc. AKAM while adjusting its price target down to $120.00 from $158.00. The research note was issued on the same day the stock closed at $90.27.

AKAM Akamai Technologies, Inc.

$91.18 ▲ +7.14% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Piper Sandler's Call on Akamai Technologies, Inc.

Piper Sandler kept an upbeat stance on the cloud and security infrastructure provider with an Overweight rating, even as it pulled back its price target from $158.00 to $120.00. The firm's updated view fits into a broader pattern of recent target adjustments across Wall Street for the software company.

Other Institutional Activity in Akamai Technologies, Inc.

Large asset managers have also been tweaking their holdings in the firm. First Trust Advisors LP reduced its holdings by 28,204 shares, ending with 4,752,119 shares worth about $433,535,832. Meanwhile, Royal Bank of Canada grew its stake significantly by adding 2,021,761 shares, lifting its total to 3,226,337 shares valued at roughly $294,338,735 based on reports for the period ended June 30, 2026.

Akamai Technologies, Inc. Stock Up 1.0%

Akamai shares recently traded around $90.55 as of October 22, 2026, up about 0.3% from the previous session's close of $90.27. The stock sits below its 50-day moving average of $107.20 and trails its 52-week high of $165.45, though it remains above its 52-week low of $70.82.

Recent Earnings

For the trailing twelve months, Akamai reported total revenue of $4.32 billion and earnings of $2.76 per share. The company generated a net profit margin of 9.5% alongside a return on equity of 8.9%. Investors can look ahead to the next earnings release scheduled for November 5, 2026.

Insider Buying and Selling at Akamai Technologies, Inc.

Company insiders have carried out several transactions in recent months. Officer Paul C. Joseph sold 3,100 shares on July 15, 2026, at an average price of $126.77 for a total value of $392,987, and another 3,100 shares on September 15, 2026, at $105.63 worth $327,453. Later in September, officer Mani Sundaram sold 7,022 shares at $125.62 for $882,104, and officer Kim Salem-Jackson sold 2,013 shares at $128.00 for $257,664, with all transactions taking place before October.

Analysts Set New Price Targets

Other Wall Street firms have updated their outlooks on the stock in recent weeks. On September 28, 2026, DA Davidson maintained a Buy rating while lowering its price target from $185.00 to $150.00, keeping that target flat through subsequent notes on September 29 and September 30. Raymond James also maintained a Strong Buy rating with a $170.00 price target on October 20, 2026. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $157.15 drawn from 22 analyst opinions.

About Akamai Technologies, Inc.

Based in Cambridge, Massachusetts, Akamai Technologies operates a massive distributed network that helps companies deliver web content securely and run cloud computing workloads. Its platform acts as a bridge between businesses and their users, helping speed up website loads while blocking digital threats. Because security and cloud delivery are vital for modern enterprises, shifts in the company's outlook draw close attention from institutional investors.

Bottom Line

Piper Sandler's decision to lower its price target while keeping its Overweight rating shows a cautious yet constructive view on Akamai. Market watchers will look to the upcoming earnings report on November 5, 2026, for fresh details on revenue growth and profit margins.