Fastly (NASDAQ:FSLY) Price Target Raised to $23.00

Fastly (NASDAQ:FSLY) had its target price boosted by DA Davidson from $21.00 to $23.00 in a report released on Wednesday morning, Marketbeat.com reports. DA Davidson currently has a neutral rating on the stock.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group initiated coverage on shares of Fastly in a research note on Friday, July 17th. They issued a “buy” rating and a $27.00 target price on the stock. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Evercore restated an “outperform” rating on shares of Fastly in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price objective on shares of Fastly from $22.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.73.

Fastly Price Performance

FSLY opened at $24.96 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.98 billion, a P/E ratio of -47.09 and a beta of 0.36. The stock has a 50-day moving average price of $23.76 and a 200-day moving average price of $22.66. Fastly has a 12-month low of $7.74 and a 12-month high of $34.82.

Fastly (NASDAQ:FSLY) last issued its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. The company had revenue of $183.32 million for the quarter, compared to analysts’ expectations of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. Equities analysts predict that Fastly will post -0.29 earnings per share for the current fiscal year.

Insider Activity at Fastly

In related news, CEO Charles Compton, III sold 50,392 shares of Fastly stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $24.93, for a total transaction of $1,256,272.56. Following the completion of the transaction, the chief executive officer directly owned 851,949 shares of the company’s stock, valued at $21,239,088.57. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $24.65, for a total transaction of $1,129,758.80. Following the sale, the insider directly owned 249,861 shares in the company, valued at $6,159,073.65. The trade was a 15.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,206,332 shares of company stock valued at $32,416,429. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently made changes to their positions in FSLY. First Trust Advisors LP raised its position in shares of Fastly by 100.5% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Fastly by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after acquiring an additional 11,022 shares in the last quarter. Bank of America Corp DE grew its position 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 worth $36,888,000 after acquiring an additional 692,459 shares in the last quarter. SG Americas Securities LLC increased its stake in Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock worth $19,918,000 after acquiring an additional 326,087 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in Fastly during the second quarter worth approximately $8,696,000. Hedge funds and other institutional investors own 79.71% of the company’s stock.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s Investor Day outlined a 14%–21% long-term annual revenue-growth target through 2029. Management also highlighted its AI Firewall, AI Runtime Control and API Security products, which could expand Fastly’s edge-cloud and cybersecurity opportunity. Fastly Investor Day and AI security article
• Positive Sentiment: Some analysts remain constructive. Freedom Broker reportedly raised its price target to $37 from $32 and maintained a buy rating, while other analysts cited potential growth in edge computing, security and AI-related traffic.
• Positive Sentiment: Options activity was unusually strong, including substantial call buying, indicating continued speculative interest and expectations for further gains.
• Neutral Sentiment: The recent rally followed reports that Fastly helps power Meta’s Muse AI assistant. However, the stock has given back part of that move as investors took profits and broader technology stocks faced pressure from rising Treasury yields. Why Fastly shares are sliding
• Negative Sentiment: Citi analyst Fatima Boolani questioned whether AI-assistant traffic will translate into meaningful revenue and remains neutral on Fastly. That concern is weighing on the market’s enthusiasm for the AI growth narrative. Fastly AI traffic monetization concerns
• Negative Sentiment: Fastly CTO Artur Bergman sold 379,602 shares at an average price of $30.16, reducing his direct ownership by 25.01%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal, but the transaction may still concern investors following the stock’s rapid advance. SEC insider sale filing

Fastly Company Profile

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.