Akamai Technologies, Inc. (AKAM): Among Billionaire George Soros' Mid-Cap Stocks With Huge Upside Potential

We recently published a list of Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential. In this article, we are going to take a look at where Akamai Technologies, Inc. (NASDAQ:AKAM) stands against other billionaire George Soros’ mid-cap Stocks with huge upside potential.

George Soros is one of the most successful investors in the stock market’s history. He founded the Soros Fund Management, which currently manages over $6.6 billion in assets. His fund often makes contrarian moves that catch the attention of Wall Street and retail investors alike. Alex Soros, one of George Soros’ sons from his second marriage, was handed over the reins in 2023.

When investors like George Soros invest in companies, they usually have solid reasons to do so. This is why keeping an eye on their holdings is so important. We decided to take a look at George Soros’ Mid-Cap stock holdings to see what mid-cap stocks he is betting on.

To come up with our list of billionaire George Soros’ 10 Mid-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies between $10 billion and $40 billion in market cap.

After arriving at his top mid-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. We have also mentioned the hedge fund sentiment as per Insider Monkey’s database of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Akamai Technologies, Inc. (NASDAQ:AKAM)    

Soros Fund Management’s Stake Value: $182.8 Million

Number of Hedge Fund Holders: 37

Akamai Technologies, Inc. is a delivery, security, and cloud computing solutions provider. It provides Bot & Abuse portfolio, Akamai Account Protector, security solutions, Akamai Content Protector, API security, and microservice and application component protection. According to the median analyst price target, the stock still has an upside of 39.04%.

The company was recently downgraded by the Bank of America to Neutral, citing its lower-than-expected latest quarter earnings and guidance. BofA also lowered its price target from $125 to $100. However, Needham maintained its Hold rating on the stock and expressed concerns.

Analyst Madeline Brooks highlighted:

“We see limited near term catalysts as the company transitions from slower growth areas like web security and legacy compute to high growth areas like API security and Cloud Infrastructure Services.”

To uplift investors’ sentiment, investment firm Piper Sandler said that the company is likely to continue to benefit from increasing usage of TikTok among teenagers.  Another notable point is that the company is among the top 5 holdings of George Soros’s portfolio. He might have seen the true growth potential of the stock to assign 2.75% of its portfolio to it.

Overall, AKAM ranks 8th on our list of billionaire George Soros’ mid-cap Stocks with huge upside potential. While we acknowledge the potential of AKAM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AKAM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.