President Capital raises target for Akamai Technologies stock to USD 168.00

Published on 10/06/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Anthropic committed USD 11.6 billion over seven years. Akamai Technologies stock costs EUR 96.32 on October 6, 2026 versus EUR 96.40, minus 0.08 percent.

NASDAQ-Parkett mit Cyber-Charts – Akamai Börsen-Editorial — Akamai Technologies Inc. US00971T1016 NASDAQ trading floor cybersecurity charts editorial stock photography, Illustration mit AI erstellt.

Akamai Technologies (ISIN US00971T1016) was trading at EUR 96.32 at Lang & Schwarz on October 6, 2026 at 12:35 p.m. CEST, down 0.08 percent versus the EUR 96.40 prior close. President Capital raised its target for Akamai Technologies stock from USD 150.00 to USD 168.00 on September 30, 2026, while maintaining a Buy rating, according to MarketBeat.

Anthropic commitment reaches USD 11.6 billion

On September 24, 2026, Akamai announced a USD 11.6 billion contractual commitment from Anthropic over seven years for distributed cloud infrastructure supporting CPU workloads.

The agreement can expand by an additional USD 9.0 billion, while Akamai estimates USD 5.5 billion in related capital expenditures. The company also expects an additional USD 1.7 billion in capital expenditures during 2026 and said the deal does not change its 2026 revenue guidance.

Cloud growth meets earnings pressure

Akamai reported USD 1.10 billion of revenue for the second quarter of 2026, up 5.4 percent year over year, while adjusted earnings per share came in at USD 1.59 versus USD 1.57 expected, according to MarketBeat. Cloud Infrastructure Services revenue rose 39.0 percent to USD 99.0 million, while the Delivery and other cloud applications segment declined 6.0 percent to USD 396.0 million.

The same report says Akamai guided to adjusted earnings per share of USD 1.60 to USD 1.80 for the third quarter of 2026 and USD 6.40 to USD 7.05 for full-year 2026. That contrast leaves the investment case dependent on whether the cloud infrastructure acceleration can offset heavier spending and weakness in legacy delivery services.

Analyst target stands above Nasdaq quote

President Capital's USD 168.00 target is 55.57 percent above the USD 107.99 Nasdaq quote at the October 5, 2026 session timestamp, calculated against the primary-exchange price. The Nasdaq quote stood within its USD 69.78 to USD 165.45 52-week range, while the market capitalization was USD 15.7 billion on October 5, 2026.

Yahoo Finance lists November 5, 2026 as Akamai's estimated next earnings date, giving investors a scheduled point for measuring early execution of the Anthropic strategy, according to Yahoo Finance.

EUR 96.32 versus the prior close

Akamai Technologies stock was trading at EUR 96.32 at Lang & Schwarz on October 6, 2026 at 12:35 p.m. CEST, minus 0.08 percent versus the EUR 96.40 prior close of October 5, 2026. On Nasdaq, the stock was last at USD 107.99 on October 5, 2026 at 4:00 p.m. ET, within its USD 69.78 to USD 165.45 52-week range. The further course of trading is shown by the continuously updated real-time quote of Akamai Technologies stock.