Analyst Ratings For Fastly
Portfolio Pulse from Benzinga Insights
Analysts have recently adjusted their ratings and price targets for Fastly (NYSE:FSLY), reflecting a more cautious outlook. The average 12-month price target has decreased significantly, indicating a shift in sentiment. Fastly's financial health shows positive revenue growth but challenges in profitability and asset utilization.
October 01, 2024 | 3:01 pm
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Analysts have lowered their ratings and price targets for Fastly, with the average target dropping by 33.93% to $7.4. This reflects a more cautious outlook on the company's future performance.
The decrease in average price target and lowered ratings by multiple analysts suggest a negative short-term outlook for Fastly. This is likely to impact investor sentiment and could lead to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100