Piper Sandler cuts target for Akamai Technologies stock to USD 120

Published on 10/24/2026 at 20:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 5.00 percent to USD 1.10 billion. Akamai Technologies stock costs EUR 83.50 on October 24, 2026, up 0.52 percent versus Xetra close.

Analyst target and earnings profile

Piper Sandler cut its Akamai target from USD 158.00 to USD 120.00 on October 21, 2026.
Second-quarter revenue rose 5.00 percent year over year to USD 1.10 billion.
Akamai Technologies stock costs EUR 83.50 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.52 percent above the October 23 Xetra close of EUR 83.07.
Akamai is scheduled to discuss third-quarter 2026 results on November 5, 2026.

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Akamai Technologies (US00971T1016) stock is at EUR 83.50 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, up 0.52 percent versus the Xetra close of October 23, 2026 at EUR 83.07. The key investor question is how much weight to give Piper Sandler's October 21 target cut from USD 158.00 to USD 120.00, reported by MarketBeat.

Target cut resets the yardstick

Piper Sandler kept an overweight rating while reducing the target by USD 38.00, a 24.05 percent cut from USD 158.00. Against the Nasdaq last price of USD 93.53 on October 23, 2026 at 4:00 p.m. ET, the new USD 120.00 target sits 28.30 percent above the price. That combination gives investors a more cautious valuation marker than the former target.

Revenue grows as margins narrow

Akamai's second-quarter 2026 revenue reached USD 1.10 billion, up 5.00 percent from USD 1.04 billion in the comparable quarter. Yahoo Finance reported that security revenue rose 10.00 percent to USD 604.00 million, while delivery and other cloud applications revenue fell 6.00 percent to USD 396.00 million. Cloud infrastructure services revenue increased 39.00 percent to USD 99.00 million. The mix shows where growth is coming from, but the reported operating margin was 7.00 percent in the quarter.

Price position and reporting date

The Nasdaq quote stood at USD 93.53 on October 23, 2026 at 4:00 p.m. ET, against a 52-week range of USD 70.82 to USD 165.45. Akamai's market capitalization was USD 13.4 billion on that date, while the price-to-earnings ratio was 33.64. The next scheduled company event is the third-quarter 2026 results call on November 5, 2026 at 4:30 p.m. ET, according to Akamai Technologies.

Comparison with peers

Akamai Technologies: up 0.52 percent versus the Xetra close, P/E 33.64, market capitalization USD 13.4 billion as of October 23, 2026.

Cloudflare (NYSE, USD): up 7.29 percent, market capitalization USD 116.0 billion as of October 23, 2026.

Fastly (NYSE, USD): up 8.73 percent, P/E 46.06, market capitalization USD 3.9 billion as of October 23, 2026.

Stock stays below its yearly high

Akamai's EUR 83.50 Lang & Schwarz price is 40.58 percent below the USD 165.45 Nasdaq 52-week high, so the two currencies are not used for a direct distance calculation. The more relevant comparison is the USD target: Piper Sandler's revised level remains above the Nasdaq price, while the next results date provides the next scheduled company checkpoint.

Akamai Technologies stock was trading at EUR 83.50 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, up 0.52 percent versus the Xetra close of October 23, 2026 at EUR 83.07. The further course of trading is shown by the continuously updated real-time quote of Akamai Technologies stock.