Akamai Technologies (AKAM) faces an "outsized opportunity" to accelerate revenue growth in its security and compute infrastructure businesses, Oppenheimer said Thursday in a report.

The company is expected to deliver better-than-expected Q4 results and to maintain a conservative outlook for 2026, the report said. Demand for the company's compute infrastructure portfolio remains robust, and growth may accelerate to 40% through 2026, Oppenheimer said.

Security revenue is projected to grow 9% in Q4, supported by steady adoption of the Guardicore and Noname offerings, the report said.

Improvements in content-delivery-network pricing are expected to ease revenue headwinds in the delivery segment, and Akamai continues to expand its portfolio to address emerging AI inference workloads, the report said.

Oppenheimer raised its price target on Akamai stock to $115 from $100 and reiterated its outperform rating.

Q4 results are due Feb. 19.

Price: 91.66, Change: -0.26, Percent Change: -0.28