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

Fastly (NASDAQ:FSLY) had its price objective raised by Freedom Broker from $32.00 to $37.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Freedom Broker’s target price would suggest a potential upside of 20.64% from the stock’s previous close.

A number of other equities analysts also recently issued reports on FSLY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. KeyCorp reissued an “overweight” rating and issued a $30.00 price objective on shares of Fastly in a research report on Friday, September 18th. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a research report on Wednesday. Piper Sandler boosted their price objective on shares of Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Bank of America lifted their target price on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fastly presently has an average rating of “Hold” and a consensus price target of $26.73.

Fastly Price Performance

FSLY stock traded up $4.59 during mid-day trading on Wednesday, reaching $30.67. The company’s stock had a trading volume of 12,200,944 shares, compared to its average volume of 9,239,226. The company’s 50 day moving average is $23.35 and its two-hundred day moving average is $22.54. 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 cap of $4.89 billion, a PE ratio of -56.03 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 posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $183.32 million during the quarter, compared to analysts’ expectations of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. 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 research analysts expect that Fastly will post -0.29 EPS for the current year.

Insider Transactions at Fastly

In other Fastly news, CTO Artur Bergman sold 32,387 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total value of $926,268.20. Following the sale, the chief technology officer directly owned 2,005,191 shares of the company’s stock, valued at $57,348,462.60. This trade represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott Lovett sold 41,815 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 1,281,583 shares in the company, valued at approximately $31,578,205.12. This trade represents a 3.16% 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 have sold a total of 749,684 shares of company stock valued at $18,845,838 over the last ninety days. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Fastly

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in Fastly by 39.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after buying an additional 627 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. IFP Advisors Inc increased its holdings in shares of Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Fastly during the first quarter valued at about $44,000. Finally, Amundi lifted its stake in shares of Fastly by 4.6% in the first quarter. Amundi now owns 48,441 shares of the company’s stock valued at $1,408,000 after buying an additional 2,129 shares during the period. 79.71% of the stock is currently owned by institutional investors.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s new AI Firewall, AI Runtime Control and API Security products are designed to secure and manage AI and agentic traffic at the edge. The offerings could expand Fastly’s addressable market and increase demand for its edge cloud platform. Fastly’s AI Security Push Adds Heat Ahead of Investor Day
• Positive Sentiment: Recent operating results remain strong: second-quarter revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded consensus. Fastly also raised or reaffirmed fiscal 2026 expectations at approximately $739 million of revenue and $0.52 of midpoint EPS, indicating improving operating leverage. Fastly: Earnings Are Catching Up With The Valuation
• Neutral Sentiment: Analyst views are mixed. DA Davidson raised its price target to $23 but maintained a neutral rating, implying limited upside relative to recent trading levels. In contrast, a bullish Seeking Alpha contributor increased a target to $34, arguing that earnings growth is beginning to justify Fastly’s valuation.
• Negative Sentiment: The Investor Day triggered profit-taking rather than a fresh buying wave, suggesting that expectations had become elevated after the AI-product announcement and recent rally. Investors may have wanted more aggressive guidance or clearer evidence that the new products will materially accelerate growth. Fastly Just Ripped 138% This Year but It’s Now Falling
• Negative Sentiment: Recent insider sales by Jeffrey Ford, Scott Lovett and CTO Artur Bergman add a cautionary signal, although the transactions were conducted under pre-arranged Rule 10b5-1 plans and therefore do not necessarily indicate a change in management’s outlook.

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.