Fastly, Inc. (NASDAQ:FSLY) Stock Has Average Price Target of $27.42 According to Analysts

Shares of Fastly, Inc. (NASDAQ:FSLY) have been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.17.

A number of equities analysts have recently commented on FSLY shares. Canaccord Genuity Group assumed coverage on Fastly in a report on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and set a $24.00 target price on shares of Fastly in a report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Wednesday. KeyCorp reissued an “overweight” rating and set a $30.00 target price on shares of Fastly in a research report on Friday, September 18th. Finally, Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Friday, October 9th.

Insider Activity at Fastly

In other news, CTO Artur Bergman sold 37,039 shares of the stock in a transaction on Monday, October 26th. The shares were 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 owned 1,024,239 shares of the company’s stock, valued at $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 is available at 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 shares were sold at an average price of $24.98, for a total transaction of $223,346.18. Following the completion of the transaction, the chief executive officer directly owned 822,559 shares in the company, valued at approximately $20,547,523.82. This represents a 1.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,323,893 shares of company stock valued at $35,452,889. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Fastly by 120.0% during the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Fastly during the 1st quarter valued at $1,951,000. Range Financial Group LLC acquired a new stake in Fastly during the 1st quarter valued at $1,667,000. Castleark Management LLC acquired a new stake in Fastly during the 1st quarter valued at $5,164,000. Finally, Wellington Management Group LLP purchased a new stake in Fastly during the 2nd quarter worth $8,696,000. 79.71% of the stock is owned by hedge funds and other institutional investors.

Key Fastly News

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

Fastly Price Performance

Fastly stock opened at $15.85 on Friday. Fastly has a 1 year low of $7.87 and a 1 year high of $34.82. The firm has a 50 day moving average price of $23.97 and a 200 day moving average price of $21.52. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -39.62 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36.

Fastly (NASDAQ:FSLY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Fastly had a negative net margin of 8.74% and a negative return on equity of 4.57%. The company had revenue of $190.19 million for the quarter, compared to the consensus estimate of $187.82 million. Sell-side analysts predict that Fastly will post -0.27 earnings per share for the current year.

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.