Why Fastly Stock Is Up Today
Portfolio Pulse from Erica Kollmann
Fastly, Inc. (NYSE:FSLY) shares are trading higher after reporting strong Q2 financial results, leading to multiple analyst price target raises. The company reported a 20% YoY increase in revenue, reaching $122.8 million, and Q2 losses of 4 cents per share, beating the analyst consensus estimate by 60%. Analysts from Morgan Stanley and RBC Capital raised their price targets for FSLY following the earnings report.
August 04, 2023 | 1:53 pm
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Fastly's strong Q2 results and subsequent price target raises by analysts have led to an increase in its stock price.
Fastly reported strong Q2 results, beating analyst estimates. This positive news, coupled with price target raises by analysts, has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100