RBC Capital analyst Rishi Jaluria maintained a Hold rating on Fastly (FSLY – Research Report) on April 24 and set a price target of $18.00. The company’s shares closed yesterday at $12.95.
According to TipRanks, Jaluria is a 4-star analyst with an average return of 3.4% and a 51.33% success rate. Jaluria covers the Technology sector, focusing on stocks such as Palantir Technologies, Pegasystems, and Salesforce.
Currently, the analyst consensus on Fastly is a Moderate Buy with an average price target of $18.14, which is a 40.08% upside from current levels. In a report released on April 25, Citi also maintained a Hold rating on the stock with a $15.00 price target.
FSLY market cap is currently $1.73B and has a P/E ratio of -12.45.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year. Most recently, in February 2024, Christopher Paisley, a Director at FSLY bought 1,000.00 shares for a total of $4,440.00.
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Fastly (FSLY) Company Description:
Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.
