Fastly (NASDAQ:FSLY) Stock Price Target Lowered at Citigroup

Fastly (NASDAQ:FSLY) had its price objective cut by Citigroup from $27.00 to $25.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on FSLY. Piper Sandler reiterated a “neutral” rating and set a $24.00 target price (down from $28.00) on shares of Fastly in a research report on Thursday. Evercore reissued an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Oppenheimer upgraded Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Friday, October 9th. DA Davidson increased their price objective on shares of Fastly from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.17.

Fastly Stock Performance

Fastly stock traded up $0.47 during midday trading on Friday, hitting $15.85. The stock had a trading volume of 10,357,811 shares, compared to its average volume of 5,603,350. The firm’s fifty day moving average is $23.97 and its two-hundred day moving average is $21.52. The company has a market capitalization of $2.52 billion, a PE ratio of -39.62 and a beta of 0.22. Fastly has a 52-week low of $7.87 and a 52-week high of $34.82. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $190.19 million during the quarter, compared to analysts’ expectations of $187.82 million. On average, research analysts forecast that Fastly will post -0.29 EPS for the current year.

Insider Transactions at Fastly

In related 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 transaction of $943,753.72. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Monday, October 26th. The shares were sold at an average price of $24.98, for a total value of $223,346.18. Following the transaction, the chief executive officer owned 822,559 shares of the company’s stock, valued at $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. Insiders sold 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 Investors Weigh In On Fastly

Several large investors have recently bought and sold shares of FSLY. First Trust Advisors LP lifted its position in Fastly by 100.5% during the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Fastly by 120.0% in the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after buying an additional 692,459 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Fastly during the 2nd quarter valued at about $8,696,000. Castleark Management LLC bought a new position in shares of Fastly in the 1st quarter valued at about $5,164,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Fastly during the third quarter worth approximately $2,149,000. Institutional investors own 79.71% of the company’s stock.

Fastly News Summary

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 Company Profile

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.