B of A Securities Maintains Buy on Fastly, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Tal Liani maintains a Buy rating on Fastly (NYSE:FSLY) but lowers the price target from $28 to $18.
March 28, 2024 | 6:11 pm
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B of A Securities maintains a Buy rating on Fastly but lowers the price target from $28 to $18.
While the maintenance of a Buy rating suggests continued confidence in Fastly's fundamentals and growth potential, the reduction in the price target could indicate concerns about near-term challenges or market conditions that might affect Fastly's stock price. Investors might view the lowered price target as a sign of caution, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100