Fastly, Inc. (NYSE:FSLY) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Fastly has a consensus analyst rating of "Hold" across 11 brokerages, with an average 12-month price target of about $22.63. Analyst views are mixed, ranging from one sell rating to four buy ratings.
• Recent analyst actions were split: Craig Hallum downgraded Fastly to hold, while KeyCorp raised its target and kept an overweight rating; RBC also trimmed its target and stayed sector perform. Overall, the stock has seen several target changes following the latest coverage updates.
• Fastly’s latest business update was strong, with Q1 revenue up 19.8% and non-GAAP EPS of $0.13 versus a prior $0.05 loss, plus raised full-year guidance. Security revenue surged 47%, but investors remain concerned about slower core delivery growth and potential deceleration later in the year.

Shares of Fastly, Inc. (NYSE:FSLY - Get Free Report) have received a consensus recommendation of "Hold" from the eleven brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $22.6250.

FSLY has been the subject of a number of recent analyst reports. Craig Hallum cut shares of Fastly from a "buy" rating to a "hold" rating and set a $24.00 price objective for the company. in a research report on Tuesday, April 14th. KeyCorp upped their price objective on shares of Fastly from $14.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank Of Canada lowered their price objective on shares of Fastly to $18.00 and set a "sector perform" rating for the company in a research report on Thursday. DA Davidson set a $13.00 price objective on shares of Fastly in a research report on Thursday, February 12th. Finally, Evercore initiated coverage on shares of Fastly in a research report on Tuesday, April 14th. They issued an "outperform" rating and a $24.00 price objective for the company.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly beat Q1 expectations, turning a $0.05 loss into $0.13 non-GAAP EPS while revenue rose 19.8%; management also raised full-year guidance, and security and compute revenue growth were key drivers. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Fastly’s security revenue climbed 47% to a record $38.8 million, suggesting diversification beyond core delivery is gaining traction. Fastly's Security Revenues Climb 47%: Is Diversification Paying Off?
• Positive Sentiment: Analysts turned more constructive after the report, with Raymond James upgrading Fastly to Outperform and Citi lifting its price target, citing an AI traffic inflection and stronger long-term potential. Raymond James Just Upgraded Fastly to Outperform: AI Traffic Inflection Powers $23 Price Target
• Neutral Sentiment: Some coverage emphasized that the company’s quarter was strong but that the stock reaction may reflect a market reassessment of growth quality rather than the headline earnings beat. FSLY Q1 Deep Dive: Security and Compute Growth Offset by Market Concerns on Outlook
• Negative Sentiment: Despite the beat, investors reacted to concerns that core delivery growth slowed and that growth may decelerate through the year, prompting several notes and price-target cuts after the earnings release. FSLY Q1 Earnings Beat Estimates on Security and Compute Growth
• Negative Sentiment: Piper Sandler cut its price target and described the quarter as more “in-line” than expected, adding to the selloff as traders worried the upside case was less compelling than the headline numbers suggested. Piper Sandler Cuts Fastly Price Target as Core Delivery Slowdown Crushes the Q1 Print

Insider Buying and Selling

In related news, insider Scott R. Lovett sold 73,715 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $21.06, for a total value of $1,552,437.90. Following the completion of the transaction, the insider directly owned 1,580,513 shares of the company's stock, valued at approximately $33,285,603.78. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Artur Bergman sold 275,234 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $20.56, for a total transaction of $5,658,811.04. Following the sale, the chief technology officer directly owned 1,909,901 shares in the company, valued at $39,267,564.56. This trade represents a 12.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,374,553 shares of company stock valued at $28,180,823. Company insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Fastly

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in Fastly by 84.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company's stock worth $40,000 after buying an additional 633 shares in the last quarter. Convergence Investment Partners LLC bought a new stake in Fastly during the 1st quarter worth about $1,951,000. Dimensional Fund Advisors LP lifted its position in Fastly by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,741,549 shares of the company's stock worth $79,620,000 after buying an additional 11,022 shares in the last quarter. KBC Group NV bought a new stake in Fastly during the 1st quarter worth about $127,000. Finally, Swiss National Bank lifted its position in Fastly by 1.8% during the 1st quarter. Swiss National Bank now owns 280,900 shares of the company's stock worth $8,163,000 after buying an additional 4,900 shares in the last quarter. 79.71% of the stock is owned by institutional investors.

Fastly Price Performance

FSLY opened at $20.51 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. Fastly has a 12 month low of $6.29 and a 12 month high of $34.82. The company has a fifty day simple moving average of $25.51 and a 200 day simple moving average of $15.92. The stock has a market cap of $3.21 billion, a P/E ratio of -21.36 and a beta of 0.49.

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.

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