Analyst Ratings For Fastly
Portfolio Pulse from Benzinga Insights
Fastly (NYSE:FSLY) has been analyzed by 8 analysts in the last quarter, showing a range of opinions from bullish to bearish. The average 12-month price target is now $13.06, down 35.63% from the previous $20.29, indicating a downward trend in expectations. Analysts from firms including Citigroup, RBC Capital, DA Davidson, B of A Securities, Piper Sandler, and Craig-Hallum have adjusted their ratings and price targets, reflecting a cautious or negative outlook on Fastly's performance. Despite this, Fastly shows a positive revenue trend with a growth rate of 15.47% as of December 31, 2023, but its market capitalization is below industry averages, and it has a net margin of -16.97%.
May 09, 2024 | 7:01 pm
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Fastly's stock faces a challenging outlook according to recent analyst ratings and price target adjustments, with a significant downward revision in the average price target. Despite a positive revenue trend, concerns about its market capitalization and net margin may weigh on investor sentiment.
The downward revision in Fastly's average price target by multiple analysts reflects growing concerns about its future performance. Despite positive revenue growth, the company's below-average market capitalization and negative net margin are likely to dampen investor enthusiasm in the short term. The broad range of analyst opinions, from bullish to bearish, indicates uncertainty, but the overall negative trend in price targets suggests a bearish outlook for Fastly's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100