Akamai Technologies, Inc. (NASDAQ:AKAM) is one of the Best Cloud Stocks to Buy Now. On November 17, Oppenheimer’s Param Singh initiated Akamai Technologies, Inc. (NASDAQ:AKAM) with a Buy rating and a $100 price target. Previously on Nov. 13, TD Cowen’s Michael Elias had reiterated a Hold rating on the stock, but raised the price target from $98 to $104.
The stock’s positive outlook follows its fiscal third-quarter 2025 earnings beat. The company released its third-quarter 2025 results on Nov. 6, growing 4.97% year-over-year to $1.05 billion, beating estimates by $10.74 million. Additionally, EPS of $1.86 also beat estimates by $0.22. The revenue growth was attributed to a 10% increase in security services revenue and an 8% increase in cloud computing revenue. Notably, cloud infrastructure revenue grew 39% year over year to $81 million.
Dr. Tom Leighton, CEO of Akamai Technologies, Inc. (NASDAQ:AKAM), highlighted growing interest in the company’s recently launched Akamai Inference Cloud, which is powered by NVIDIA’s artificial intelligence infrastructure. Looking ahead, management forecasts fourth-quarter 2025 revenue in the range of $1.065 billion to $1.085 billion.
Akamai Technologies Inc. (NASDAQ:AKAM) operates a global content delivery network (CDN) and provides edge computing and cybersecurity services.
While we recognize AKAM’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.