.August 12, 2024 6:50 PM

Akamai Technologies (NASDAQ:AKAM) received a price target increase to $120 from $115, with a Buy rating maintained by DA Davidson. CFO Ed McGowan and Head of IR Mark Stoutenberg expressed confidence in the company’s Compute business during an investor call, expecting growth acceleration as the enterprise segment expands. Despite conflicting reports on market share shifts in the Delivery segment, overall traffic growth is weak. Management is optimistic about the growth potential of Noname and aims for operating margin expansion into the low 30% range.