Raymond James keeps USD 170 target for Akamai Technologies stock

Published on 10/20/2026 at 21:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.10 billion. Akamai Technologies stock costs EUR 79.28 on October 20, 2026, minus 0.08 percent versus Frankfurt close.

Analyst target and earnings date

Raymond James reiterated an Outperform rating on September 29, 2026.
Second-quarter revenue reached USD 1.10 billion, up 5.00 percent year over year.
Akamai Technologies stock costs EUR 79.28 at Lang & Schwarz on October 20, 2026 at 9:41 p.m. CEST, 0.08 percent below the Frankfurt close of October 19, 2026.
Third-quarter results are scheduled for November 5, 2026.

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Akamai Technologies (ISIN US00971T1016) remains under an Outperform rating from Raymond James Financial, which reiterated a USD 170.00 price target on September 29, 2026, according to PriceTargets.com. At Lang & Schwarz, the stock was trading at EUR 79.28 on October 20, 2026 at 9:41 p.m. CEST, 0.08 percent below the Frankfurt close of October 19, 2026 at EUR 79.34.

Revenue growth reached 5.00 percent

Akamai reported USD 1.10 billion in second-quarter revenue, up 5.00 percent year over year, while adjusted operating margin was 25.00 percent, according to Benzinga. Cloud Infrastructure Services revenue rose 39.00 percent to USD 99.00 million, while security revenue increased 10.00 percent to USD 604.00 million in the same period.

Stock stays below its yearly high

On the Nasdaq, Akamai last traded at USD 89.08 on October 20, 2026 at 3:45 p.m. EDT. Its 52-week range was USD 70.82 to USD 165.45, placing the price 46.16 percent below the high and 25.79 percent above the low. The market capitalization was USD 12.8 billion and the trailing P/E ratio was 32.03.

Results date sets the next checkpoint

Third-quarter results are scheduled for November 5, 2026, and the consensus earnings-per-share estimate is USD 1.67, as listed by The Wall Street Journal. The company also guided for third-quarter revenue of USD 1.105 billion to USD 1.13 billion and non-GAAP earnings per diluted share of USD 1.60 to USD 1.80 in its second-quarter call.

Comparison with peers

Akamai Technologies: minus 0.08 percent, P/E 32.03, market capitalization USD 12.8 billion.

Cloudflare (NYSE, USD): minus 1.94 percent, market capitalization USD 103.9 billion.

Fastly (NYSE, USD): minus 4.18 percent, market capitalization USD 3.5 billion.

Target remains well above the price

Against USD 89.08 on the Nasdaq, the USD 170.00 Raymond James target is 90.84 percent above the price. The next scheduled company result is the November 5, 2026 report.

The further course of trading is shown by the continuously updated real-time quote of Akamai Technologies stock.