Raymond James Maintains Strong Buy on Fastly, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Frank Louthan maintains a Strong Buy rating on Fastly (NYSE:FSLY) but lowers the price target from $13 to $8.
August 08, 2024 | 4:47 pm
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Raymond James analyst Frank Louthan maintains a Strong Buy rating on Fastly but lowers the price target from $13 to $8.
The Strong Buy rating suggests continued confidence in Fastly's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100