In the latest analyst activity, Fastly (FSLY, Financial) has received new attention from Keybanc Capital Markets. The renowned analyst Jackson Ader at Keybanc has initiated coverage on Fastly with a "Sector Weight" rating as of June 6, 2025. This new coverage signifies a significant development for Fastly as it continues to navigate the competitive landscape of the technology sector.
Fastly (FSLY, Financial) is a leading edge cloud platform and content delivery network provider, recognized for its innovative solutions that empower developers to build high-performance and secure applications. The initiation of coverage by Keybanc does not include a specific price target, leaving investors and market watchers to focus solely on the rating for insight into the firm's confidence in Fastly's market position.
Investors and stakeholders in Fastly (FSLY, Financial) will be keen to monitor how this new coverage impacts the stock's performance in the short to mid-term, especially as the company continues to evolve its business strategies in an ever-competitive tech industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Fastly Inc (FSLY, Financial) is $6.92 with a high estimate of $9.00 and a low estimate of $5.00. The average target implies an downside of 9.82% from the current price of $7.67. More detailed estimate data can be found on the Fastly Inc (FSLY) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Fastly Inc's (FSLY, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fastly Inc (FSLY, Financial) in one year is $13.21, suggesting a upside of 72.23% from the current price of $7.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fastly Inc (FSLY) Summary page.
