Fastly, Inc. (NYSE:FSLY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Fastly, Inc. (NYSE:FSLY) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.6250.

A number of brokerages have recently issued reports on FSLY. Evercore began coverage on shares of Fastly in a report on Tuesday, April 14th. They set an “outperform” rating and a $24.00 price target on the stock. KeyCorp raised their price target on shares of Fastly from $14.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup raised their price target on shares of Fastly from $13.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. DA Davidson set a $13.00 price target on shares of Fastly in a report on Thursday, February 12th. Finally, Piper Sandler dropped their price target on shares of Fastly to $27.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th.

Fastly News Roundup

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly’s recent update highlighted stronger security growth, a higher 2026 revenue guidance range, and new AI-oriented tooling, reinforcing the bull case for its edge platform. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: Analysts have remained constructive, with recent price targets from firms such as KeyBanc and Piper Sandler above the current trading range, which can help attract buyers. Fastly shares jump as AI-infrastructure optimism and recent guidance raise keep buyers engaged
• Positive Sentiment: The stock’s sharp one-year run has kept momentum investors engaged, and Fastly’s conference presentation likely helped maintain visibility around the story. Fastly, Inc. (FSLY) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Neutral Sentiment: One recent article questioned whether Fastly is still attractive after its big rally, reflecting a valuation debate rather than a clear change in fundamentals. Is It Too Late To Reassess Fastly (FSLY) After Its 169% One Year Surge?
• Negative Sentiment: Recent insider selling by the CEO, CTO, and a director may create some caution, even though at least one trade was made under a pre-arranged 10b5-1 plan. Fastly (NYSE:FSLY) Director Christopher Paisley Sells 1,000 Shares
• Negative Sentiment: Older coverage also noted that Fastly’s strong first-quarter results did not fully calm growth concerns, which may limit upside if investors demand more proof of sustained execution. Stock Market Today, May 7: Fastly Shares Plunge After Record Q1 Results Fail to Ease Growth Concerns

Fastly Stock Up 0.3%

NYSE:FSLY opened at $20.83 on Thursday. The firm has a market cap of $3.26 billion, a P/E ratio of -21.70 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46. Fastly has a fifty-two week low of $6.29 and a fifty-two week high of $34.82. The firm has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $17.08.

Insider Activity at Fastly

In other news, insider Scott R. Lovett sold 19,622 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $16.96, for a total transaction of $332,789.12. Following the sale, the insider owned 1,469,413 shares of the company’s stock, valued at $24,921,244.48. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Richard Wong sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $16.48, for a total transaction of $41,200.00. Following the sale, the chief financial officer directly owned 1,239,301 shares in the company, valued at approximately $20,423,680.48. The trade was a 0.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 591,860 shares of company stock worth $12,511,360. 6.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Fastly

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of 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 buying an additional 692,459 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Fastly by 26.2% in the first quarter. Janus Henderson Group PLC now owns 67,050 shares of the company’s stock worth $1,948,000 after buying an additional 13,900 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Fastly by 10.0% in the first quarter. Sunbelt Securities Inc. now owns 77,944 shares of the company’s stock worth $2,265,000 after buying an additional 7,076 shares during the last quarter. Amundi boosted its holdings in shares of Fastly by 4.6% in the first quarter. Amundi now owns 48,441 shares of the company’s stock worth $1,408,000 after buying an additional 2,129 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Fastly by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after buying an additional 627 shares during the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

About Fastly

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.