Fastly, Inc. (NASDAQ:FSLY) Stock Has Average Target Price of $26.73

Fastly, Inc. (NASDAQ:FSLY) has been given a consensus rating of “Hold” by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.42.

Several research analysts have recently commented on FSLY shares. Piper Sandler boosted their price objective on Fastly from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Bank of America lifted their target price on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Wednesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Oppenheimer raised shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Friday. Finally, Freedom Capital upgraded Fastly to a “strong-buy” rating in a research report on Thursday, July 16th.

Fastly Stock Up 15.9%

FSLY opened at $29.30 on Wednesday. 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 has a 12 month low of $7.74 and a 12 month high of $34.82. The company has a market cap of $4.67 billion, a PE ratio of -55.28 and a beta of 0.31. The company has a 50 day moving average of $24.81 and a 200 day moving average of $22.78.

Fastly (NASDAQ:FSLY) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share (EPS) 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 analysts’ expectations 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 expect that Fastly will post -0.29 EPS for the current year.

Key Headlines Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Oppenheimer upgraded Fastly to Outperform from Neutral and established a $35 price target. The firm cited industry checks showing larger contract values, stronger security cross-selling and early monetization of traffic generated by “agentic AI” applications. Oppenheimer upgrades Fastly to Outperform with $35 target on AI traffic
• Positive Sentiment: Oppenheimer believes Fastly’s contract expansion and AI opportunity could support revenue growth in the high-teens to low-20% range over the next several years, improving the company’s long-term growth outlook. FSLY Rockets Nearly 16%: Oppenheimer Upgrades Stock
• Positive Sentiment: Options activity also reflected bullish positioning: traders bought 18,511 Fastly call options, approximately 39% above average call volume. This suggests increased speculative interest following the upgrade.
• Positive Sentiment: Commentary from Zacks and Jim Cramer further highlighted Fastly as a potential beneficiary of the shift toward autonomous AI agents and rising AI-related internet traffic, adding to the stock’s momentum. Fastly: Riding the Agentic AI Wave
• Neutral Sentiment: Fastly will report third-quarter 2026 results after the market closes on November 4. Investors will look for evidence that contract growth, security demand and AI traffic monetization are translating into accelerating revenue and improving profitability. Fastly to Announce Third Quarter 2026 Financial Results

Insider Transactions at Fastly

In related news, CEO Charles Compton, III sold 55,579 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $21.39, for a total value of $1,188,834.81. Following the completion of the sale, the chief executive officer owned 914,235 shares in the company, valued at $19,555,486.65. The trade was a 5.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Ford sold 45,832 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.65, for a total value of $1,129,758.80. Following the completion of the sale, the insider directly owned 249,861 shares of the company’s stock, valued at approximately $6,159,073.65. This 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. In the last three months, insiders sold 1,243,371 shares of company stock worth $33,335,165. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Fastly

A number of hedge funds have recently made changes to their positions in the business. First Trust Advisors LP raised its position in Fastly by 100.5% during the 1st 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 during the last quarter. Bank of America Corp DE lifted 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 worth $36,888,000 after acquiring an additional 692,459 shares during the period. Wellington Management Group LLP bought a new stake in Fastly in the second quarter valued at $8,696,000. SG Americas Securities LLC increased its position in Fastly by 90.7% during the 1st quarter. SG Americas Securities LLC now owns 685,415 shares of the company’s stock valued at $19,918,000 after purchasing an additional 326,087 shares during the period. Finally, Castleark Management LLC purchased a new position in Fastly during the 1st quarter valued at $5,164,000. 79.71% of the stock is currently owned by institutional investors.

Fastly Company Profile

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.

Fastly’s products and services include content delivery, edge computing, application programming interface (API) services, cloud security and observability tools.