Fastly (NASDAQ:FSLY) Price Target Raised to $37.00

Fastly (NASDAQ:FSLY) had its price target raised by Freedom Broker from $32.00 to $37.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

FSLY has been the topic of a number of other reports. Bank of America raised their price target on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research note on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $25.00 target price on shares of Fastly in a research report on Wednesday. Freedom Capital raised Fastly to a “strong-buy” rating in a research note on Thursday, July 16th. KeyCorp reiterated an “overweight” rating and set a $30.00 price target on shares of Fastly in a research report on Friday, September 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.73.

Fastly Stock Performance

NASDAQ:FSLY opened at $24.96 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. The company has a fifty day moving average of $23.76 and a two-hundred day moving average of $22.66. The stock has a market capitalization of $3.98 billion, a PE ratio of -47.09 and a beta of 0.36. Fastly has a fifty-two week low of $7.74 and a fifty-two week high of $34.82.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $183.32 million for the quarter, compared to analyst estimates 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. As a group, research analysts forecast that Fastly will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In other news, insider Scott R. Lovett sold 41,815 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.64, for a total transaction of $1,030,321.60. Following the transaction, the insider directly owned 1,281,583 shares in the company, valued at $31,578,205.12. The trade was a 3.16% decrease in their position. The sale was disclosed in a document filed 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 379,602 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total value of $11,448,796.32. Following the completion of the sale, the chief technology officer owned 1,138,358 shares of the company’s stock, valued at $34,332,877.28. This trade represents a 25.01% 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 sold a total of 1,206,332 shares of company stock worth $32,416,429 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fastly

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in Fastly by 100.5% in the 1st 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% during 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 acquired a new stake in shares of Fastly during the 2nd quarter worth approximately $8,696,000. SG Americas Securities LLC raised its position in shares of Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after buying an additional 326,087 shares during the period. Finally, Castleark Management LLC purchased a new stake in shares of Fastly during the 1st quarter valued at approximately $5,164,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Key Stories Impacting Fastly

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.