Fastly (NYSE:FSLY) Given New $25.00 Price Target at Citigroup

Fastly (NYSE:FSLY - Get Free Report) had its target price raised by research analysts at Citigroup from $13.00 to $25.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 28.21% from the company's current price.

Other research analysts have also recently issued reports about the stock. DA Davidson set a $13.00 target price on shares of Fastly in a research note on Thursday, February 12th. William Blair raised shares of Fastly from a "market perform" rating to an "outperform" rating in a report on Thursday, February 12th. KeyCorp increased their price objective on Fastly from $14.00 to $27.00 and gave the company an "overweight" rating in a report on Thursday. Evercore initiated coverage on Fastly in a research report on Tuesday, April 14th. They issued an "outperform" rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada dropped their price target on Fastly to $18.00 and set a "sector perform" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.75.

Fastly Stock Performance

NYSE:FSLY traded down $12.07 during trading on Thursday, reaching $19.50. The company's stock had a trading volume of 47,382,256 shares, compared to its average volume of 12,268,791. Fastly has a 12 month low of $6.29 and a 12 month high of $34.82. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -20.31 and a beta of 0.49. The firm has a 50 day moving average of $25.48 and a 200-day moving average of $15.83. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.46.

Insider Activity at Fastly

In other Fastly news, CTO Artur Bergman sold 275,234 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $20.56, for a total transaction of $5,658,811.04. Following the sale, the chief technology officer owned 1,909,901 shares of the company's stock, valued at $39,267,564.56. The trade was a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott R. Lovett sold 73,715 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $21.06, for a total value of $1,552,437.90. Following the sale, the insider owned 1,580,513 shares in the company, valued at approximately $33,285,603.78. This represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,374,553 shares of company stock worth $28,180,823. Corporate insiders own 6.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new stake in shares of Fastly in the third quarter worth about $61,864,000. Alyeska Investment Group L.P. increased its holdings in Fastly by 2,795.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock worth $48,754,000 after acquiring an additional 4,623,767 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Fastly in the 3rd quarter worth approximately $21,174,000. Balyasny Asset Management L.P. lifted its stake in Fastly by 3,941.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,329,006 shares of the company's stock worth $9,383,000 after purchasing an additional 1,296,119 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Fastly in the 4th quarter valued at $11,657,000. Hedge funds and other institutional investors own 79.71% of the company's stock.

More Fastly News

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Record Q1 results and guidance raise — Fastly beat EPS and revenue estimates, reported record revenue and RPO, and raised Q2 and FY‑2026 EPS guidance, giving a fundamental positive read on profitability trajectory. Fastly Announces Record First Quarter 2026 Financial Results
• Positive Sentiment: Security revenue acceleration — Security revenues jumped ~47% to a record ~$38.8M and now represent ~22% of sales, supporting Fastly’s diversification beyond core delivery. This helps margins and reduces concentration risk. Fastly's Security Revenues Climb 47%: Is Diversification Paying Off?
• Neutral Sentiment: Earnings call / disclosures available — Management provided an earnings presentation and call transcript with detail on product roadmap (AI/edge focus) and RPO; useful for investors but did not fully reassure the market on near‑term growth cadence. Fastly, Inc. Q1 2026 Earnings Call Transcript
• Negative Sentiment: Sharp sell-off despite beat and guidance — Shares plunged after the print as investors appeared disappointed by the pace of core delivery growth and forward cadence, triggering heavy selling. High intraday volume suggests conviction from sellers. Why Fastly (FSLY) stock is nosediving
• Negative Sentiment: Analyst target cut citing core delivery slowdown — Piper Sandler lowered its price target (from $30 to $27) and flagged a core delivery slowdown that “crushed” the quarter vs. bullish expectations, a direct driver of the negative sentiment. Piper Sandler Cuts Fastly Price Target as Core Delivery Slowdown Crushes the Q1 Print
• Negative Sentiment: Analysts warn growth will decelerate — Post‑earnings commentary emphasizes likely deceleration in revenue growth through the year, which offsets the positive beat and guidance for many investors, pressuring the stock. Fastly free falls despite Q1 beat as growth likely decelerates throughout year: analysts

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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