Analyst Michael Elias of TD Cowen maintained a Hold rating on Akamai, with a price target of $98.00.
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Michael Elias has given his Hold rating due to a combination of factors influencing Akamai’s current financial trajectory. Despite Akamai reporting strong second-quarter results for 2025 and providing optimistic guidance for the third quarter, Elias remains cautious. The company’s ongoing investment cycle, expected to continue through 2026, suggests that significant revenue re-acceleration and margin expansion may not materialize until after this period.
Additionally, while there is improvement in Akamai’s Delivery revenue growth, Elias is looking for more consistent stabilization in the upcoming quarters. The high-growth products within Akamai’s portfolio are not yet substantial enough to significantly impact overall performance. Consequently, Elias prefers to adopt a wait-and-see approach, remaining on the sidelines until there are clearer signs of notable improvements in Akamai’s revenue growth.