KeyBanc raised the firm’s price target on Akamai (AKAM) to $120 from $115 and keeps an Overweight rating on the shares following quarterly results. The firm notes Capex for 2026 is expected to be 24.5% of revenue, the highest mark in recent years. While some of this is explained by higher memory costs, the bulk is for exactly the reasons investors had been happily adding to their Akamai positions in recent weeks. Capex today is GPU revenue tomorrow, KeyBanc argues.
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Read More on AKAM:
- Akamai price target raised to $120 from $115 at Morgan Stanley
- Akamai: Expanding AI Infrastructure and Security Momentum Justify Buy Rating Despite Near‑Term Margin Pressure
- Closing Bell Movers: Akamai slides 8% on soft guidance
- Akamai sees Q1 capital expenditures $254M-$264M
- Akamai sees FY26 EPS $6.20-$7.20, consensus $7.34