Fastly (NASDAQ:FSLY) Stock Rating Reaffirmed as “Neutral” by Piper Sandler

Fastly (NASDAQ:FSLY)‘s stock had its “neutral” rating restated by analysts at Piper Sandler in a research note issued on Thursday, Benzinga reports. They currently have a $24.00 target price on the stock, down from their prior target price of $28.00. Piper Sandler‘s target price would indicate a potential upside of 51.42% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Freedom Broker increased their target price on shares of Fastly from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. KeyCorp reiterated an “overweight” rating and issued a $30.00 price objective on shares of Fastly in a research note on Friday, September 18th. DA Davidson lifted their price objective on shares of Fastly from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.17.

Fastly Trading Up 3.1%

FSLY traded up $0.47 on Thursday, hitting $15.85. The company had a trading volume of 10,357,811 shares, compared to its average volume of 5,603,350. Fastly has a 1 year low of $7.87 and a 1 year high of $34.82. The firm has a market cap of $2.52 billion, a P/E ratio of -39.62 and a beta of 0.22. The company’s fifty day moving average price is $23.97 and its 200 day moving average price is $21.52. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.33.

Fastly (NASDAQ:FSLY) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $190.19 million for the quarter, compared to the consensus estimate of $187.82 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. As a group, equities analysts expect that Fastly will post -0.29 earnings per share for the current year.

Insider Transactions at Fastly

In other Fastly news, CTO Artur Bergman sold 37,039 shares of Fastly stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the sale, the chief technology officer owned 1,024,239 shares of the company’s stock, valued at approximately $26,097,609.72. The trade was a 3.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Compton, III sold 8,941 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $24.98, for a total value of $223,346.18. Following the transaction, the chief executive officer owned 822,559 shares in the company, valued at $20,547,523.82. The trade was a 1.08% 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. In the last 90 days, insiders sold 1,323,893 shares of company stock valued at $35,452,889. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its position in Fastly by 98,700.0% in the third quarter. Signaturefd LLC now owns 988 shares of the company’s stock worth $25,000 after acquiring an additional 987 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after purchasing an additional 1,346 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after purchasing an additional 419 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Fastly during the 2nd quarter worth $48,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Key Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q3 revenue of $190.2 million, up about 20% year over year, and adjusted EPS of $0.17, topping estimates. It raised its 2026 outlook, with management citing security growth, wider adoption of multiple products, AI-related demand and a large customer commitment as drivers. Earnings Beat Might Change The Case For Investing in Fastly
• Positive Sentiment: Management projected Q4 revenue of $198 million to $202 million and full-year free cash flow of $50 million to $60 million, adding to the evidence of improving execution and profitability. Fastly anticipates 2026 revenue and free cash flow outlook
• Neutral Sentiment: Despite the results, Fastly shares faced a sharp post-earnings selloff, with coverage pointing to expected growth deceleration and concerns about performance across business segments. That helps explain why investors have not fully rewarded the earnings beat. Fastly plunges on Q3 results as analyst highlights segment deceleration
• Negative Sentiment: Several firms lowered their price targets while keeping neutral or equivalent ratings: Citigroup cut its target to $25 from $27, Piper Sandler to $24 from $28, and RBC to $19 from $25. The cuts signal more cautious expectations, even though the targets remain above the referenced share price. Citigroup recommendations Piper Sandler recommendations RBC cuts Fastly price target
• 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, creating a leadership transition investors will monitor. Fastly announces go-to-market leadership transition

About Fastly

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.