fsly stock analyst rating

Fastly  (FSLY) - Get Report shares fell Friday, interrupting a 400% flight for the content delivery network’s stock year to date, as analysts turned cautious. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. *Average 12-month price target from 10 stock analysts. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Fastly shares recently traded at $98.22, down 4.38%. It “has a lot to prove near-term at these levels,” he said. Dan is a freelance writer whose work has appeared in The Wall Street Journal, Barron's, Institutional Investor, The Washington Post and other publications. Piper Sandler analyst James Fish said that although the company should be a "major beneficiary" of accelerating e-commerce, streaming, and edge computing, “euphoria” now surrounds the company. COVID-19 Has Sent The Need For Chatbots Skyrocketing. Stats based on trailing-twelve-month (ttm) numbers. FSLY updated stock price target summary. © 2020 TheStreet, Inc. All rights reserved. The company has benefited from increased internet usage amid the coronavirus pandemic. Data powered by The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was founded in 2011 and is headquartered in San Francisco, California. Bloomberg calculated that Fastly has six buy ratings, three holds, and two sells. Start your FREE TRIAL today! Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. At least four analysts have cut their ratings this month, viewing the stock’s surge as overdone, Bloomberg reported. Get detailed information on Fastly stock (NYSE: FSLY), including today’s stock quote, real-time price, news, financials, charts and more. Why Pinterest's Stock Is Trading Higher Today, Benzinga's Top Upgrades, Downgrades For October 16, 2020, Netflix Analysts Confident Of Fundamentals, Long-Term Outperformance Ahead Of Q3 Results, 10 Biggest Price Target Changes For Friday, Privacy Policy / Do Not Sell My Personal Data. Sign up to receive Benzinga's Daily Ratings Newsletter, 'Fast Money' Traders Discuss Wells Fargo's Upgrade Of Caterpillar, BofA Brushes Aside Roku Investor Concerns, Raises Price Target, Wells Fargo Upgrades Caterpillar On Upside In Key Markets, Amazon Prime Day Takeaways: Best Two-Day Period Ever For Third-Party Sales. It is a programmable platform designed for Web and application delivery. Don't have a Benzinga account? To be sure, they lifted their share-price target to $90 from $50 to account for the stock’s recent ascent. Based on analysts offering 12 month price targets for FSLY in the last 3 months. The Bank of America analysts lowered their rating to underperform from buy, although they’re still “constructive on the fundamentals.”. Is The Technology Ready? The average price target is $ 0.00 with a high estimate of $ 0.00 and a low estimate of $ 0.00 . Fastly shares recently traded at $98.22, down 4.38%. Stock Split; Media; Buybacks; ... Earnings Calendar; Guidance Summaries; Fastly, Inc. Class A (FSLY) 91.44 +3.81 (4.35%) Analyst Ratings . Fastly operates an edge cloud platform for processing, serving, and securing its customer's applications. Fastly’s price-to-sales ratio totals a stratospheric 45.25, and its price-to-book ratio is an astronomical 41.4, according to Morningstar. The stock … Benzinga Pro Calendars - Bloomberg calculated that Fastly has six buy ratings, three holds, and two sells. Learn about FSLY with our data and independent analysis including price, star rating, valuation, dividends, and financials. On Monday, Piper Sandler dropped its rating to neutral from overweight, but lifted its price target to $89 from $31, just like Bank of America. Fastly’s valuation is “difficult to justify,” and “bakes in near-perfect execution,” Bank of America analysts wrote in a commentary Friday cited by Bloomberg. The stock has jumped 375% in the past three months, compared to 29% for the Nasdaq Composite. On Thursday, Citigroup dropped its rating to sell from neutral, saying Fastly’s revenue needs much “heavy lifting” to maintain the stock’s valuation. Numbers in millions USD, except per-share numbers. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet.

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