Royal Bank Of Canada Issues Positive Forecast for Fastly (NYSE:FSLY) Stock Price

Fastly (NYSE:FSLY) had its price objective boosted by Royal Bank Of Canada from $22.00 to $28.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 22.77% from the stock’s previous close.

Several other analysts have also commented on the company. Craig Hallum lowered Fastly from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a report on Tuesday, April 14th. Citigroup lifted their price target on shares of Fastly from $13.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. KeyCorp lifted their target price on Fastly from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. Canaccord Genuity Group began coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Piper Sandler lifted their price objective on shares of Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.33.

Fastly Stock Down 12.4%

Fastly stock traded down $3.22 during trading hours on Thursday, hitting $22.81. 7,562,357 shares of the stock traded hands, compared to its average volume of 9,896,913. Fastly has a one year low of $6.70 and a one year high of $34.82. The firm’s 50-day moving average price is $19.42 and its two-hundred day moving average price is $19.90. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.57 billion, a PE ratio of -23.70 and a beta of 0.34.

Insider Activity at Fastly

In other Fastly news, insider Scott R. Lovett sold 41,716 shares of Fastly stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.77, for a total value of $741,293.32. Following the sale, the insider owned 1,392,778 shares of the company’s stock, valued at approximately $24,749,665.06. The trade was a 2.91% 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, CTO Artur Bergman sold 32,181 shares of Fastly stock in a transaction on Monday, May 18th. The stock was sold at an average price of $16.85, for a total value of $542,249.85. Following the transaction, the chief technology officer directly owned 2,086,529 shares of the company’s stock, valued at approximately $35,158,013.65. This represents a 1.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 274,529 shares of company stock worth $4,761,780 in the last quarter. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Fastly

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Fastly in the first quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its position in shares of Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock valued at $64,000 after acquiring an additional 627 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Fastly during the 4th quarter worth $41,000. Finally, Align Financial LLC acquired a new position in shares of Fastly in the 4th quarter worth $41,000. Institutional investors 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 Q2 2026 revenue of $183.3 million, up 23.3% year over year. Security revenue grew 43%, while gross margin reached a record 65.8%, highlighting improving business mix and operating execution. Fastly Q2 2026 Earnings Call Highlights
• Positive Sentiment: Non-GAAP earnings were $0.15 per share, well above the $0.07 consensus estimate and a loss of $0.03 per share in the year-ago quarter. Revenue also exceeded expectations, producing earnings and revenue surprises of 114.29% and 5.34%, respectively. Fastly Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fastly raised its outlook. Q3 revenue guidance of $184 million to $190 million and EPS guidance of $0.11 to $0.13 are above consensus estimates, while full-year 2026 EPS guidance is $0.50 to $0.54. Fastly Increases Its Full-Year Outlook
• Positive Sentiment: KeyCorp raised its price target from $27 to $30 and maintained an “overweight” rating, indicating continued confidence in Fastly’s growth and security opportunity. Benzinga
• Neutral Sentiment: Fastly’s partnership with Experian’s Agent Trust ecosystem supports its positioning in AI-agent verification, secure transactions and identity-based edge policies, but the longer-term revenue impact remains uncertain. Fastly and Experian Agent Trust
• Negative Sentiment: The market reaction suggests a “sell-the-news” dynamic: shares had already gained sharply, and valuation concerns leave less room for disappointment even after the earnings beat. Fastly Stock Sinks Despite Strong Q2 Results

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.