RBC Capital Maintains Underperform on Fastly, Raises Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Rishi Jaluria maintains an 'Underperform' rating on Fastly (NYSE:FSLY) and raises the price target from $11 to $12.
August 04, 2023 | 1:32 pm
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Fastly's price target has been raised from $11 to $12 by RBC Capital, but the 'Underperform' rating is maintained.
While the price target increase for Fastly indicates a slightly more positive outlook, the maintained 'Underperform' rating suggests that RBC Capital still expects the stock to underperform the market. This could potentially limit any positive impact on the stock's price in the short term.
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