Fintel reports that on December 2, 2024, Oppenheimer upgraded their outlook for Akamai Technologies (NasdaqGS:AKAM) from Perform to Outperform.
Analyst Price Forecast Suggests 20.34% Upside
As of November 21, 2024, the average one-year price target for Akamai Technologies is $117.89/share. The forecasts range from a low of $98.78 to a high of $147.00. The average price target represents an increase of 20.34% from its latest reported closing price of $97.96 / share.
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The projected annual revenue for Akamai Technologies is 4,152MM, an increase of 4.68%. The projected annual non-GAAP EPS is 6.58.
What is the Fund Sentiment?
There are 1,368 funds or institutions reporting positions in Akamai Technologies. This is an decrease of 5 owner(s) or 0.36% in the last quarter. Average portfolio weight of all funds dedicated to AKAM is 0.18%, an increase of 1.14%. Total shares owned by institutions decreased in the last three months by 2.37% to 156,903K shares. 
The put/call ratio of AKAM is 0.93, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,781K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 4,824K shares , representing a decrease of 0.89%. The firm increased its portfolio allocation in AKAM by 4.33% over the last quarter.
Jpmorgan Chase holds 4,519K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 4,874K shares , representing a decrease of 7.87%. The firm decreased its portfolio allocation in AKAM by 93.51% over the last quarter.
First Trust Advisors holds 4,426K shares representing 2.95% ownership of the company. In its prior filing, the firm reported owning 4,598K shares , representing a decrease of 3.88%. The firm increased its portfolio allocation in AKAM by 0.66% over the last quarter.
Geode Capital Management holds 4,197K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 3,994K shares , representing an increase of 4.83%. The firm decreased its portfolio allocation in AKAM by 43.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,969K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 3,909K shares , representing an increase of 1.50%. The firm increased its portfolio allocation in AKAM by 4.71% over the last quarter.
Akamai Technologies Background Information
(This description is provided by the company.)
Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone - and attacks and threats far away. Akamai's portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring.
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This story originally appeared on Fintel.
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