Guggenheim raises target for Akamai Technologies stock to USD 225.00
Published on 10/07/2026 at 03:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Guggenheim raised its price target for Akamai Technologies stock from USD 190.00 to USD 225.00 on September 25, 2026, while retaining a Buy rating, according to Investing.com. The upgrade followed Akamai's newly expanded cloud relationship with Anthropic.
Anthropic deal reaches USD 11.60 billion
According to Akamai in its September 24, 2026 release, Anthropic committed to spend USD 11.60 billion over seven years on Akamai Cloud infrastructure and software. The arrangement can expand by up to an additional USD 9.00 billion, taking the potential relationship to USD 20.60 billion.
The commercial opportunity comes with a heavy funding requirement. Akamai estimated USD 5.50 billion of related capital expenditures and said USD 1.70 billion of additional 2026 spending would secure supply-chain components, including memory, while leaving its 2026 revenue guidance unchanged.
Cloud growth meets weaker profits
Akamai's second-quarter 2026 revenue reached USD 1.10 billion, up 5.00 percent from the year-earlier quarter, according to Yahoo Finance. Security revenue increased 10.00 percent to USD 604.00 million, while Cloud Infrastructure Services revenue jumped 39.00 percent to USD 99.00 million.
The comparison is less favorable for profitability. GAAP diluted earnings per share fell 27.00 percent year over year to USD 0.52, while non-GAAP earnings per share declined 8.00 percent to USD 1.59. Delivery and other cloud applications revenue fell 6.00 percent to USD 396.00 million, showing that the legacy business remains a counterweight to the cloud expansion.
Target reset raises the execution bar
Guggenheim's USD 225.00 target is USD 35.00 above its previous USD 190.00 target, a 18.42 percent increase based on the firm's September 25, 2026 note reported by Investing.com. That valuation case depends on converting the contract backlog into revenue while absorbing the infrastructure buildout.
The next scheduled reporting date is November 10, 2026, according to Makkler. The third-quarter report should give investors a first measured update on cloud demand and capital spending after the Anthropic commitment.
Prior close sets the euro reference
The prior close at Lang & Schwarz was EUR 96.44 on October 5, 2026. Akamai's primary listing is on Nasdaq, where the finance quote showed USD 108.62 on October 6, 2026, with a USD 70.82 to USD 165.45 52-week range and a USD 15.8 billion market capitalization.
The further course of trading is shown by the continuously updated real-time quote of Akamai Technologies stock.
Akamai Technologies stock facts
- Company: Akamai Technologies, Inc.
- ISIN: US00971T1016
- Ticker: AKAM
- Primary exchange: Nasdaq
- Prior close Lang & Schwarz (October 5, 2026): EUR 96.44
- Market capitalization: USD 15.8 billion (as of October 6, 2026)
- 52-week range: USD 70.82-165.45 (as of October 6, 2026)
- Sector / Industry: Information Technology / Software Infrastructure
- Index membership: Nasdaq Composite and S&P 500
- Next earnings date: November 10, 2026
