$AKAM

Akamai Technologies announced a partnership with Scalefusion, a unified endpoint management and security platform serving over 12,000 businesses, to support its global SaaS growth amid increasing cyberattacks. Akamai provides content delivery network services and aims to power and protect an AI-driven world.

Akamai (AKAM) introduced Akamai Inference and Akamai Agent Sandbox, extending its cloud platform to manage and secure AI applications. These tools allow enterprises to build, run, and secure AI models and agents, with features like managed model serving and isolated execution. The products are in beta, with Akamai also expanding its GPU fleet to include NVIDIA Blackwell Ultra clusters.

Akamai Technologies Inc. stock rose 2.63% to $93.53 on Friday, marking its fourth straight day of gains, while the broader market declined. The S&P 500 and Dow Jones fell 0.52% and 1.23%, respectively, according to market data.

UBS lowered its price target for Akamai Technologies to $100 from $148, while maintaining a neutral rating. Akamai's stock is currently trading at $89.80, reflecting a 1.52% decline over the past year. The adjustment may impact investor sentiment and trading activity.

Analysts updated ratings and price targets for several companies. Block (SQ) was upgraded to outperform with a target raised to $101. Halliburton (HAL) was upgraded to buy with a target increased to $40. Tesla (TSLA) was upgraded to hold with a target raised to $400. Other companies mentioned include Qiagen (QGEN), CoreWeave (CWV), and Meta (META).

Analysts updated ratings and price targets for several companies. Barclays downgraded Cirrus Logic (CRUS) to underweight, reducing its target to $95. UBS upgraded Clean Harbors (CLH) to buy, raising its target to $375. Fortinet (FTNT) was downgraded to sell by Arete Research, which increased its target to $117. GE Aerospace (GE) was downgraded to neutral by President Capital Management, cutting its target to $330.

Akamai (AKAM) trimmed its 2026 revenue forecast to $4.488B but expects growth to accelerate in 2027, backed by a $11.6B cloud services commitment. GoDaddy (GDDY) maintained its 2026 revenue guidance at $5.215B-$5.255B and reaffirmed its free cash flow target of $1.8B. Akamai is investing heavily in AI, while GoDaddy focuses on share buybacks.

Wall Street analysts released research calls on various companies. Upgrades include Akamai (AKAM) to Strong Buy, BlackRock (BLK) to Buy, and Venture Global (VG) to Overweight. Downgrades include Apple (AAPL) to Hold, Elanco (ELAN) to Hold, and Zoetis (ZTS) to Hold. Initiations include Ford (F) with Overweight and Sunoco (SUN) with Overweight. Markets were mixed, with Nasdaq futures lower and Treasury yields higher.

U.S. stock index futures were mixed on Tuesday, with tech stocks under pressure. Halliburton (HAL) rose 3.4% after beating earnings expectations. Rapport Therapeutics (RPTX) surged 31.1% on positive Phase 2 trial results. NuScale Power (SMR) fell 6.5% after a downgrade. Akamai (AKAM) gained 2.2% following an upgrade. General Motors (GM) dropped 6.3% after disappointing investors with its outlook. Alvotech (ALVO) rose 7% after FDA approval. 3M (MMM) gained over 1% on Amazon partnership expansion.

Raymond James upgraded Akamai (AKAM) to Strong Buy with a $170 price target, citing AI opportunities and a recent selloff. The stock is down 12.7% last week, with 8 analysts lowering earnings estimates. Akamai has a $5.5B capital commitment to Anthropic for $11B in revenue. Analysts have mixed views on the deal's pricing and returns.