Citigroup Maintains Sell on Fastly, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a 'Sell' rating on Fastly (NYSE:FSLY) and raises the price target from $8 to $10.
August 30, 2023 | 5:54 pm
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Citigroup maintains a 'Sell' rating on Fastly but raises the price target from $8 to $10.
The 'Sell' rating maintained by Citigroup indicates a negative outlook for Fastly's stock. However, the increase in price target from $8 to $10 suggests that the analyst sees some potential for the stock's price to rise, albeit not enough to change the overall negative rating. This could lead to short-term downward pressure on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100