Is Fastly stock a ‘Buy' after Q3 earnings?
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Fastly Inc (NYSE: FSLY) received a price target increase from Piper Sandler after its mixed Q3 earnings, with strong media traffic growth noted as a positive factor.
November 07, 2024 | 7:30 pm
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Fastly's Q3 earnings were mixed, but Piper Sandler raised its price target from $6 to $8, citing strong media traffic growth as a positive factor.
The increase in price target from Piper Sandler suggests a positive outlook despite a Neutral rating. The strong media traffic growth, especially in live sports and gaming, is a key driver for the revenue beat, indicating potential for future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100