Fastly (NYSE:FSLY) Now Covered by CIBC

CIBC initiated coverage on shares of Fastly (NYSE:FSLY) in a research report sent to investors on Tuesday, FirstToMarketsRatingsTable reports. The brokerage issued an outperform rating and a $27.00 price target on the stock.

A number of other research firms have also recently commented on FSLY. Credit Suisse Group initiated coverage on shares of Fastly in a research report on Tuesday. They issued an outperform rating and a $25.00 target price on the stock. Oppenheimer initiated coverage on shares of Fastly in a research report on Tuesday. They issued an outperform rating and a $27.00 target price on the stock. William Blair initiated coverage on shares of Fastly in a research report on Tuesday. They issued an outperform rating on the stock. Stifel Nicolaus initiated coverage on shares of Fastly in a research report on Tuesday. They issued a buy rating and a $25.00 target price on the stock. Finally, Bank of America initiated coverage on shares of Fastly in a research report on Tuesday. They issued a buy rating and a $26.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of $26.36.

NYSE FSLY opened at $22.87 on Tuesday. Fastly has a 12 month low of $19.33 and a 12 month high of $25.67.

Further Reading: Margin

Analyst Recommendations for Fastly (NYSE:FSLY)

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