Royal Bank Of Canada Forecasts Strong Price Appreciation for Fastly (NYSE:FSLY) Stock

Fastly (NYSE:FSLY) had its price target increased by stock analysts at Royal Bank Of Canada from $22.00 to $28.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 21.95% from the company’s current price.

A number of other equities analysts also recently commented on FSLY. Piper Sandler lifted their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore reissued an “outperform” rating on shares of Fastly in a report on Thursday. Canaccord Genuity Group began coverage on shares of Fastly in a research note on Friday, July 17th. They set a “buy” rating and a $27.00 target price on the stock. Freedom Capital upgraded shares of Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Craig Hallum cut Fastly from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.33.

Fastly Stock Up 1.2%

Shares of NYSE FSLY opened at $22.96 on Thursday. The stock has a market capitalization of $3.59 billion, a PE ratio of -23.92 and a beta of 0.34. Fastly has a 52-week low of $6.70 and a 52-week high of $34.82. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $19.64 and a 200-day moving average of $20.01.

Insider Activity at Fastly

In other Fastly news, CEO Charles Lacey Compton III sold 34,334 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $16.85, for a total transaction of $578,527.90. Following the transaction, the chief executive officer owned 1,099,561 shares in the company, valued at $18,527,602.85. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,181 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.85, for a total transaction of $542,249.85. Following the sale, the chief technology officer owned 2,086,529 shares of the company’s stock, valued at $35,158,013.65. This trade represents a 1.52% 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. Over the last quarter, insiders have sold 289,397 shares of company stock valued at $5,133,480. 4.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fastly

A number of institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $812,000. Assenagon Asset Management S.A. acquired a new position in shares of Fastly in the second quarter valued at $774,000. Byrne Asset Management LLC acquired a new position in shares of Fastly in the second quarter valued at $173,000. 180 Wealth Advisors LLC lifted its position in Fastly by 8.2% in the second quarter. 180 Wealth Advisors LLC now owns 84,718 shares of the company’s stock worth $1,555,000 after purchasing an additional 6,402 shares during the period. Finally, Bank of America Corp DE lifted 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 purchasing an additional 692,459 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record second-quarter revenue of $183.3 million, up 23% year over year. Non-GAAP earnings of $0.15 per share more than doubled the $0.07 consensus estimate, while security revenue surged 43% on demand related to AI traffic protection. Gross margin also reached a record 65.8%. Fastly Q2 Earnings Beat as Security Growth Spurs 2026 Outlook Hike
• Positive Sentiment: The edge-cloud company raised its 2026 outlook, including adjusted earnings guidance of $0.50 to $0.54 per share. Third-quarter revenue guidance of $184 million to $190 million and adjusted EPS guidance of $0.11 to $0.13 also exceeded expectations, supporting the view that Fastly’s improved profitability and security growth are continuing. Fastly Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Analysts responded by raising price targets: KeyBanc lifted its target from $27 to $30 while maintaining an overweight rating, and RBC increased its target from $22 to $28 with a sector-perform rating. The revisions reinforce expectations for further execution in security and AI-related traffic services.
• Neutral Sentiment: Fastly’s results highlighted strong security and AI-driven demand, but customer concentration remains a risk. A small number of large customers could make revenue growth more volatile if spending patterns change.
• Negative Sentiment: Despite the earnings beat and higher outlook, the stock initially declined after the report, suggesting investors may have expected an even stronger result. Following a substantial prior-year rally, valuation appears demanding and leaves less room for execution or guidance disappointments. Fastly Stock Looks Overvalued Despite a Strong Return
• Negative Sentiment: CEO Charles Lacey Compton III sold 14,868 shares for approximately $371,700, reducing his direct ownership by 1.42%. The sale was made under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it may still create modest short-term selling pressure. Fastly CEO Insider Sale

About Fastly

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.