RBC Capital Reaffirms Their Hold Rating on Akamai (AKAM)

RBC Capital analyst Rishi Jaluria maintained a Hold rating on Akamai on April 6 and set a price target of $100.00. The company’s shares closed yesterday at $114.60.

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According to TipRanks, Jaluria is an analyst with an average return of -6.4% and a 48.20% success rate. Jaluria covers the Technology sector, focusing on stocks such as Microsoft, Fastly, and NICE.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $107.47 average price target, implying a -6.22% downside from current levels. In a report released yesterday, TipRanks – DeepSeek also reiterated a Hold rating on the stock with a $121.00 price target.

Based on Akamai’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.09 billion and a net profit of $85.07 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $139.91 million

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKAM in relation to earlier this year. Last month, Anthony P Williams, the EVP and CHRO of AKAM sold 15,000.00 shares for a total of $1,564,363.65.