FBN Securities cuts Akamai stock price target on near-term outlook

Investing.com · 2026-11-06 14:56 UTC

FBN Securities cuts Akamai stock price target on near-term outlook

Investing.com - FBN Securities lowered its price target on Akamai Technologies (NASDAQ:AKAM) to $120 from $165 while maintaining an Outperform rating. The stock has declined 16% over the past week to $83.87, trading well below its 52-week high of $165.45.

The firm cited a third-quarter 2026 beat-and-lower print paired with a reduced near-term outlook. The company guided fourth-quarter 2026 revenue 3.5% below consensus and non-GAAP earnings per share roughly 10% below expectations.

Akamai projected 2027 CIS revenue of $1.1 billion to $1.3 billion, more than double fiscal 2026’s estimated $441 million. The company guided 2027 total revenue growth of 17% to 22% year-over-year in constant currency, up from low teens percent set in August.

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