Freedom Broker Issues Positive Forecast for Fastly (NASDAQ:FSLY) Stock Price

Fastly (NASDAQ:FSLY) had its target price boosted by research analysts at Freedom Broker from $32.00 to $37.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Freedom Broker’s price objective would suggest a potential upside of 20.64% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group initiated coverage on shares of Fastly in a research report on Friday, July 17th. They issued a “buy” rating and a $27.00 price objective for the company. Raymond James Financial reiterated an “outperform” rating on shares of Fastly in a report on Wednesday. Piper Sandler boosted their price target on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Bank of America raised their price objective on Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.73.

Fastly Trading Up 17.6%

NASDAQ:FSLY traded up $4.59 during trading hours on Wednesday, hitting $30.67. 12,200,944 shares of the stock were exchanged, compared to its average volume of 9,239,226. The company has a market capitalization of $4.89 billion, a P/E ratio of -56.03 and a beta of 0.36. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The company’s 50 day moving average is $23.35 and its two-hundred day moving average is $22.54. Fastly has a twelve month low of $7.74 and a twelve month high of $34.82.

Fastly (NASDAQ:FSLY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million for the quarter, compared to analyst estimates of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. On average, sell-side analysts anticipate that Fastly will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Fastly

In related news, CTO Artur Bergman sold 32,387 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $28.60, for a total transaction of $926,268.20. Following the completion of the sale, the chief technology officer directly owned 2,005,191 shares in the company, valued at $57,348,462.60. This represents a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott Lovett sold 41,815 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $24.64, for a total transaction of $1,030,321.60. Following the completion of the transaction, the insider directly owned 1,281,583 shares of the company’s stock, valued at $31,578,205.12. This trade represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 749,684 shares of company stock valued at $18,845,838. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fastly

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its position in Fastly by 100.5% in the 1st quarter. First Trust Advisors LP now owns 7,031,952 shares of the company’s stock valued at $204,349,000 after buying an additional 3,524,763 shares in the last quarter. Bank of America Corp DE grew its stake in Fastly by 120.0% in the first quarter. Bank of America Corp DE now owns 1,269,369 shares of the company’s stock valued at $36,888,000 after acquiring an additional 692,459 shares during the period. Wellington Management Group LLP acquired a new stake in Fastly in the second quarter valued at approximately $8,696,000. SG Americas Securities LLC increased its holdings in shares of Fastly by 90.7% during the first quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after acquiring an additional 326,087 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Fastly during the first quarter valued at approximately $5,164,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s new AI Firewall, AI Runtime Control and API Security products are designed to secure and manage AI and agentic traffic at the edge. The offerings could expand Fastly’s addressable market and increase demand for its edge cloud platform. Fastly’s AI Security Push Adds Heat Ahead of Investor Day
• Positive Sentiment: Recent operating results remain strong: second-quarter revenue reached a record $183.3 million, up 23% year over year, while non-GAAP EPS of $0.15 exceeded consensus. Fastly also raised or reaffirmed fiscal 2026 expectations at approximately $739 million of revenue and $0.52 of midpoint EPS, indicating improving operating leverage. Fastly: Earnings Are Catching Up With The Valuation
• Neutral Sentiment: Analyst views are mixed. DA Davidson raised its price target to $23 but maintained a neutral rating, implying limited upside relative to recent trading levels. In contrast, a bullish Seeking Alpha contributor increased a target to $34, arguing that earnings growth is beginning to justify Fastly’s valuation.
• Negative Sentiment: The Investor Day triggered profit-taking rather than a fresh buying wave, suggesting that expectations had become elevated after the AI-product announcement and recent rally. Investors may have wanted more aggressive guidance or clearer evidence that the new products will materially accelerate growth. Fastly Just Ripped 138% This Year but It’s Now Falling
• Negative Sentiment: Recent insider sales by Jeffrey Ford, Scott Lovett and CTO Artur Bergman add a cautionary signal, although the transactions were conducted under pre-arranged Rule 10b5-1 plans and therefore do not necessarily indicate a change in management’s outlook.

About Fastly

Fastly, Inc is a cloud computing company that provides an edge cloud platform for delivering, securing and accelerating digital experiences. Its platform processes and serves applications, websites, APIs, streaming media and other internet content closer to end users, helping organizations improve performance, reliability and control.

Fastly’s product portfolio includes content delivery and application performance services, application programming interface (API) security, web application and bot protection, distributed denial-of-service (DDoS) mitigation, and edge compute capabilities.