Citigroup Issues Pessimistic Forecast for Fastly (NASDAQ:FSLY) Stock Price

Fastly (NASDAQ:FSLY) had its price objective decreased by equities researchers at Citigroup from $27.00 to $25.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup‘s price target points to a potential upside of 57.73% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. KeyCorp reiterated an “overweight” rating and issued a $30.00 price target on shares of Fastly in a report on Friday, September 18th. DA Davidson raised their price objective on shares of Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research note on Wednesday. Finally, Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.17.

Fastly Trading Up 3.1%

Shares of Fastly stock traded up $0.47 during trading hours on Friday, hitting $15.85. The company’s stock had a trading volume of 10,349,943 shares, compared to its average volume of 8,927,125. Fastly has a 12 month low of $7.87 and a 12 month high of $34.82. The stock has a 50 day moving average of $24.14 and a 200 day moving average of $21.49. The company has a market capitalization of $2.52 billion, a PE ratio of -39.62 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36.

Fastly (NASDAQ:FSLY) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Fastly had a negative return on equity of 4.57% and a negative net margin of 8.74%. The company had revenue of $190.19 million for the quarter, compared to analyst estimates of $187.82 million. Analysts predict that Fastly will post -0.29 earnings per share for the current year.

Insider Buying and Selling at Fastly

In related news, CTO Artur Bergman sold 379,602 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $30.16, for a total transaction of $11,448,796.32. Following the completion of the transaction, the chief technology officer owned 1,138,358 shares in the company, valued at approximately $34,332,877.28. This represents a 25.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $24.65, for a total transaction of $1,129,758.80. Following the completion of the transaction, the insider directly owned 249,861 shares of the company’s stock, valued at approximately $6,159,073.65. This trade represents a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,323,893 shares of company stock valued at $35,452,889 in the last three months. 4.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fastly

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in Fastly by 100.5% in the first quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after purchasing an additional 3,524,763 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fastly by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company’s stock worth $79,620,000 after purchasing an additional 11,022 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Fastly by 120.0% during the 1st quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock worth $36,888,000 after purchasing an additional 692,459 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Fastly during the 2nd quarter worth approximately $8,696,000. Finally, Swiss National Bank boosted its holdings in shares of Fastly by 1.8% in the 1st quarter. Swiss National Bank now owns 280,900 shares of the company’s stock valued at $8,163,000 after buying an additional 4,900 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly beat third-quarter estimates, with revenue up 20.2% year over year to $190.2 million and adjusted earnings of $0.17 per share versus $0.12 expected. The company raised its 2026 outlook, citing deeper platform adoption, security demand, AI-related workloads and a Comcast partnership. Earnings Beat Might Change The Case For Investing In Fastly
• Positive Sentiment: Management forecast full-year revenue of $744 million–$748 million and free cash flow of $50 million–$60 million. Security sales rose 32%, and the company highlighted expanding use of multiple products by customers—supporting its strategy to grow beyond content delivery. FSLY Q3 Earnings Call Highlights Growth & Higher Outlook
• Neutral Sentiment: Piper Sandler reaffirmed its Neutral rating but lowered its price target to $24 from $28; RBC maintained Sector Perform while cutting its target to $19 from $25. The revised targets remain above the share price cited in the reports, but the cuts indicate less optimistic analyst expectations. RBC Cuts Price Target on Fastly
• Negative Sentiment: Despite the earnings beat, the stock sold off after results. Investors may be focused on expected fourth-quarter growth deceleration and an analyst’s concerns about slowing performance in some business segments. Fastly Plunges on Q3 Results as Analyst Highlights Segment Deceleration
• Negative Sentiment: Fastly also announced that Go-To-Market President Scott Lovett plans to retire in 2027 and that it will search for a Chief Revenue Officer, adding leadership-transition uncertainty. Fastly Announces Leadership Transition in Go To Market

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.