Shares of Fastly Inc (FSLY) recently traded at $7.24, surpassing the average 12-month target price of $7.21 set by analysts. This significant movement prompts potential reassessment from analysts, who may either downgrade the stock on valuation or raise their target prices based on fundamental developments influencing the company’s performance.
Among the 7 analysts covering Fastly Inc, there is a notable range in target prices — from a low of $5.00 to a high of $10.00, with a standard deviation of $1.629. The current breakdown of analyst ratings indicates 10 hold ratings, 1 sell rating, and no strong buy or buy ratings, resulting in an average rating of 3.09, where 1 is a strong buy and 5 is a strong sell.
