Citigroup Maintains Neutral on Fastly, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has maintained a Neutral rating on Fastly (NYSE:FSLY) and lowered the price target from $15 to $10.

May 09, 2024 | 6:09 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Fastly and reduces the price target from $15 to $10.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Fastly's stock price. The Neutral rating remains unchanged, indicating that the analyst sees limited upside or downside potential from the current price level, but the lowered price target suggests a revision of the expected stock performance, which could influence investor perception and stock price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100