Expert Outlook: Fastly Through The Eyes Of 5 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, five analysts have provided ratings on Fastly (NYSE:FSLY), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target has dropped by 33.93% to $7.4. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Fastly, a content delivery network company, has shown a 7.77% revenue growth rate but faces challenges with profitability and asset utilization.
August 27, 2024 | 4:00 pm
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NEGATIVE IMPACT
Fastly has received mixed analyst ratings, with a significant drop in the average price target to $7.4, indicating a bearish sentiment. Despite a 7.77% revenue growth, the company faces profitability challenges.
The significant drop in the average price target from $11.20 to $7.4 suggests a bearish outlook from analysts. The company's revenue growth of 7.77% is positive, but challenges in profitability and asset utilization, as indicated by negative net margin and ROA, contribute to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100