Fastly’s (FSLY) Neutral Rating Reiterated at Piper Sandler

Fastly (NASDAQ:FSLY)‘s stock had its “neutral” rating reiterated by analysts at Piper Sandler in a research note issued to investors on Thursday, Benzinga reports. They currently have a $24.00 price objective on the stock, down from their previous price objective of $28.00. Piper Sandler‘s price target suggests a potential upside of 52.00% from the company’s current price.

Several other analysts have also recently commented on FSLY. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. Bank of America raised their price target on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 price target for the company. Evercore reissued an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Finally, Freedom Broker raised their price target on Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fastly has a consensus rating of “Hold” and a consensus target price of $26.67.

Fastly Price Performance

Shares of FSLY stock traded down $5.24 during mid-day trading on Thursday, reaching $15.79. The company’s stock had a trading volume of 8,283,916 shares, compared to its average volume of 8,868,038. The company has a market cap of $2.52 billion, a P/E ratio of -30.02 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.36 and a current ratio of 3.36. Fastly has a 1-year low of $7.87 and a 1-year high of $34.82. The firm’s 50-day moving average is $24.30 and its two-hundred day moving average is $21.45.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The company had revenue of $190.19 million for the quarter, compared to analyst estimates of $187.82 million. On average, research analysts predict that Fastly will post -0.29 earnings per share for the current year.

Insider Transactions at Fastly

In related news, CEO Charles Compton, III sold 8,941 shares of the firm’s 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 sale, the chief executive officer directly owned 822,559 shares in the company, valued at $20,547,523.82. This trade represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a legal 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 dated Monday, October 26th. The shares were sold at an average price of $25.48, for a total value of $943,753.72. Following the completion of the sale, the chief technology officer owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This trade represents a 3.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,334,973 shares of company stock worth $35,706,621. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fastly

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in 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 acquiring an additional 692,459 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Fastly during the 1st quarter worth approximately $1,951,000. Range Financial Group LLC acquired a new stake in shares of Fastly in the first quarter valued at approximately $1,667,000. Castleark Management LLC acquired a new stake in shares of Fastly in the first quarter valued at approximately $5,164,000. Finally, Wellington Management Group LLP acquired a new position in shares of Fastly during the 2nd quarter worth about $8,696,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly posted record Q3 revenue of $190.2 million, up 20.2% year over year, and non-GAAP earnings of $0.17 per share—above analyst estimates of $187.8 million in revenue and $0.12 per share. Fastly Q3 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management raised its 2026 forecast, projecting revenue of $744 million–$748 million and free cash flow of $50 million–$60 million. Its Q4 revenue midpoint of $200 million also topped consensus expectations. Fastly 2026 revenue and free cash flow outlook
• Neutral Sentiment: Fastly cited security demand and customer expansion as growth drivers; its net revenue retention rate was 119%. Fastly Q3 2026 Earnings Call Highlights
• Negative Sentiment: Despite the earnings beat and higher annual guidance, shares fell after the results. Q4 growth is expected to decelerate, which may have tempered investor enthusiasm for the otherwise solid report. Fastly beats Q3 sales expectations but stock drops
• Negative Sentiment: President of Go To Market Scott Lovett plans to retire in 2027, and Fastly is beginning a search for a Chief Revenue Officer. The transition creates some uncertainty around sales leadership. 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.