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

Fastly, Inc. (NASDAQ:FSLY) has been assigned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.17.

FSLY has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Piper Sandler restated a “neutral” rating and set a $24.00 price target (down from $28.00) on shares of Fastly in a report on Thursday. Evercore restated an “outperform” rating on shares of Fastly in a report on Wednesday, September 23rd. Royal Bank Of Canada lowered their price objective on shares of Fastly from $25.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Bank of America upped their price objective on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday, September 23rd.

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 20.2% year over year, and adjusted earnings of $0.17 per share, beating estimates of $187.8 million and $0.12, respectively. Security sales increased 32%, with large customers expanding platform usage. Fastly Q3 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: The company raised its 2026 outlook, projecting revenue of $744 million to $748 million and free cash flow of $50 million to $60 million. Management cited platform adoption, security opportunities, improved margins, and disciplined spending. Fastly anticipates 2026 revenue of $744M-$748M
• Neutral Sentiment: Fastly expects Q4 revenue of $198 million to $202 million, above consensus, but commentary indicates growth could decelerate. That outlook may temper enthusiasm after the strong Q3 results. Fastly Q4 revenue outlook
• Negative Sentiment: The earnings beat and raised outlook failed to halt selling. Fastly’s shares have fallen sharply over the past month after reversing an earlier rally, suggesting investors may have had high expectations or are taking profits. Fastly Just Dropped 41% in a Month
• Negative Sentiment: Analysts trimmed targets: RBC lowered its target to $19 from $25 and maintained “Sector Perform,” while Piper Sandler cut its target to $24 from $28 and reaffirmed “Neutral.” Fastly also announced that Go-To-Market President Scott Lovett plans to retire in 2027, prompting a search for a Chief Revenue Officer. RBC cuts Fastly price target

Fastly Trading Down 26.9%

Shares of FSLY stock opened at $15.38 on Friday. Fastly has a 1-year low of $7.87 and a 1-year 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. The stock’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $21.49.

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 the consensus estimate of $0.12 by $0.05. Fastly had a negative return on equity of 4.57% and a negative net margin of 8.74%. The firm had revenue of $190.19 million during the quarter, compared to the consensus estimate of $187.82 million. On average, sell-side analysts expect that Fastly will post -0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fastly news, CEO Charles Compton, III sold 8,941 shares of Fastly 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 sale, the chief executive officer owned 822,559 shares of the company’s stock, valued at $20,547,523.82. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 37,039 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $25.48, for a total transaction of $943,753.72. Following the transaction, the chief technology officer owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 valued at $35,452,889 in the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock worth $204,349,000 after buying an additional 3,524,763 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fastly by 0.4% during 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 in the last quarter. Bank of America Corp DE raised its position in Fastly by 120.0% during 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 in the last quarter. Wellington Management Group LLP acquired a new stake in Fastly in the second quarter valued at approximately $8,696,000. Finally, Swiss National Bank lifted its stake in Fastly by 1.8% in the first quarter. Swiss National Bank now owns 280,900 shares of the company’s stock valued at $8,163,000 after acquiring an additional 4,900 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.