Fastly (NASDAQ:FSLY – Get Free Report) had its price objective dropped by analysts at Royal Bank Of Canada from $25.00 to $19.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price would suggest a potential upside of 19.87% from the company’s current price.
A number of other equities research analysts have also issued reports on the company. KeyCorp restated an “overweight” rating and issued a $30.00 price target on shares of Fastly in a research report on Friday, September 18th. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Friday, October 9th. Piper Sandler reissued a “neutral” rating and set a $24.00 target price (down from $28.00) on shares of Fastly in a research note on Thursday. Finally, Canaccord Genuity Group began coverage on Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fastly presently has a consensus rating of “Hold” and a consensus target price of $26.17.
Check Out Our Latest Stock Analysis on Fastly
Fastly Price Performance
Shares of Fastly stock traded up $0.47 during mid-day trading on Thursday, reaching $15.85. 10,357,811 shares of the stock traded hands, compared to its average volume of 5,603,350. The business has a 50-day moving average of $23.97 and a 200 day moving average of $21.52. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.52 billion, a PE ratio of -39.62 and a beta of 0.22. Fastly has a fifty-two week low of $7.87 and a fifty-two week high of $34.82.
Fastly (NASDAQ:FSLY – Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.05. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $190.19 million for the quarter, compared to analysts’ expectations of $187.82 million. On average, analysts predict that Fastly will post -0.29 EPS for the current year.
Insider Buying and Selling at Fastly
In other news, CTO Artur Bergman sold 37,039 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the completion of the sale, the chief technology officer directly owned 1,024,239 shares of the company’s stock, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $24.98, for a total transaction of $223,346.18. Following the transaction, the chief executive officer directly owned 822,559 shares in the company, valued at $20,547,523.82. The trade was a 1.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,323,893 shares of company stock worth $35,452,889 over the last quarter. 4.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its stake in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after buying an additional 3,524,763 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock valued at $79,620,000 after acquiring an additional 11,022 shares during the period. Bank of America Corp DE lifted its holdings in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after acquiring an additional 692,459 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Fastly during the 2nd quarter worth $8,696,000. Finally, Swiss National Bank grew its stake in shares of Fastly by 1.8% during the 1st quarter. Swiss National Bank now owns 280,900 shares of the company’s stock worth $8,163,000 after purchasing an additional 4,900 shares during the period. Institutional investors and hedge funds own 79.71% of the company’s stock.
Trending Headlines about Fastly
Here are the key news stories impacting Fastly this week:
- Positive Sentiment: Fastly reported record Q3 revenue of $190.2 million, up about 20% year over year, and adjusted EPS of $0.17, topping estimates. It raised its 2026 outlook, with management citing security growth, wider adoption of multiple products, AI-related demand and a large customer commitment as drivers. Earnings Beat Might Change The Case For Investing in Fastly
- Positive Sentiment: Management projected Q4 revenue of $198 million to $202 million and full-year free cash flow of $50 million to $60 million, adding to the evidence of improving execution and profitability. Fastly anticipates 2026 revenue and free cash flow outlook
- Neutral Sentiment: Despite the results, Fastly shares faced a sharp post-earnings selloff, with coverage pointing to expected growth deceleration and concerns about performance across business segments. That helps explain why investors have not fully rewarded the earnings beat. Fastly plunges on Q3 results as analyst highlights segment deceleration
- Negative Sentiment: Several firms lowered their price targets while keeping neutral or equivalent ratings: Citigroup cut its target to $25 from $27, Piper Sandler to $24 from $28, and RBC to $19 from $25. The cuts signal more cautious expectations, even though the targets remain above the referenced share price. Citigroup recommendations Piper Sandler recommendations RBC cuts Fastly price target
- Negative Sentiment: Fastly also announced that Go-to-Market President Scott Lovett plans to retire in 2027 and that it will search for a Chief Revenue Officer, creating a leadership transition investors will monitor. Fastly announces go-to-market leadership transition
About Fastly
Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.
Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.
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