Where Fastly Stands With Analysts
Portfolio Pulse from Benzinga Insights
Fastly (NYSE:FSLY) has seen diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The latest evaluations show an average 12-month price target of $19.00, up from $17.00, indicating a positive sentiment shift. Analysts from B of A Securities, Craig-Hallum, Citigroup, and RBC Capital have updated their ratings and price targets, reflecting changes in market conditions and Fastly's performance. Fastly's financial performance shows strong revenue growth and net margin, with a market capitalization below industry benchmarks.
March 28, 2024 | 8:02 pm
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POSITIVE IMPACT
Fastly's recent analyst ratings have turned more bullish, with an updated average 12-month price target of $19.00, indicating a positive outlook. The company's strong revenue growth and net margin are highlighted, despite its market capitalization being below industry benchmarks.
The shift towards a more bullish outlook by analysts, combined with Fastly's strong revenue growth and net margin, suggests a positive short-term impact on FSLY's stock price. The increase in the average price target to $19.00 from $17.00 reflects growing confidence in the company's performance and potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100