Royal Bank Of Canada Issues Positive Forecast for Fastly (NYSE:FSLY) Stock Price

Key Points

• Royal Bank of Canada raised Fastly’s price target from $22 to $28 while maintaining a “sector perform” rating, implying 22.77% upside from the previous close.
• Analyst sentiment remains mixed: Fastly has an average “Hold” rating and a consensus price target of $25.33, with targets from other firms ranging from $24 to $30.
• Fastly shares fell $3.22 to $22.81 in Thursday trading, while insiders sold roughly 274,529 shares worth $4.76 million over the past three months; institutional investors own 79.71% of the stock.

Fastly (NYSE:FSLY - Get Free Report) had its price objective hoisted by analysts at Royal Bank Of Canada from $22.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 22.77% from the stock's previous close.

Several other equities analysts also recently weighed in on FSLY. Craig Hallum downgraded shares of Fastly from a "buy" rating to a "hold" rating and set a $24.00 target price for the company. in a research note on Tuesday, April 14th. KeyCorp raised their price target on Fastly from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday. Freedom Capital upgraded Fastly to a "strong-buy" rating in a research note on Thursday, July 16th. Piper Sandler raised their target price on Fastly from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $29.00 target price on shares of Fastly in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fastly has an average rating of "Hold" and an average target price of $25.33.

Fastly Stock Performance

Shares of FSLY traded down $3.22 during mid-day trading on Thursday, hitting $22.81. The stock had a trading volume of 7,562,357 shares, compared to its average volume of 9,896,913. Fastly has a 52 week low of $6.70 and a 52 week high of $34.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. The business has a fifty day moving average price of $19.42 and a 200-day moving average price of $19.90. The firm has a market cap of $3.57 billion, a P/E ratio of -23.70 and a beta of 0.34.

Insider Buying and Selling

In related news, CEO Charles Lacey Compton III sold 34,334 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $16.85, for a total value of $578,527.90. Following the sale, the chief executive officer directly owned 1,099,561 shares of the company's stock, valued at $18,527,602.85. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 32,181 shares of Fastly stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $16.85, for a total transaction of $542,249.85. Following the sale, the chief technology officer owned 2,086,529 shares of the company's stock, valued at approximately $35,158,013.65. The trade was a 1.52% decrease in their ownership of the stock. 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 three months, insiders have sold 274,529 shares of company stock worth $4,761,780. Insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Fastly by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 16,976,906 shares of the company's stock valued at $172,825,000 after buying an additional 310,234 shares during the period. Morgan Stanley boosted its holdings in Fastly by 14.7% during the 4th quarter. Morgan Stanley now owns 8,339,234 shares of the company's stock valued at $84,893,000 after acquiring an additional 1,071,222 shares during the period. First Trust Advisors LP grew 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 worth $204,349,000 after acquiring an additional 3,524,763 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Fastly by 2,795.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,789,185 shares of the company's stock valued at $48,754,000 after purchasing an additional 4,623,767 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Fastly by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,808 shares of the company's stock valued at $35,380,000 after purchasing an additional 117,213 shares during the last quarter. 79.71% of the stock is currently owned by institutional investors.

Key Stories Impacting Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q2 2026 revenue of $183.3 million, up 23.3% year over year. Security revenue grew 43%, while gross margin reached a record 65.8%, highlighting improving business mix and operating execution. Fastly Q2 2026 Earnings Call Highlights
• Positive Sentiment: Non-GAAP earnings were $0.15 per share, well above the $0.07 consensus estimate and a loss of $0.03 per share in the year-ago quarter. Revenue also exceeded expectations, producing earnings and revenue surprises of 114.29% and 5.34%, respectively. Fastly Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fastly raised its outlook. Q3 revenue guidance of $184 million to $190 million and EPS guidance of $0.11 to $0.13 are above consensus estimates, while full-year 2026 EPS guidance is $0.50 to $0.54. Fastly Increases Its Full-Year Outlook
• Positive Sentiment: KeyCorp raised its price target from $27 to $30 and maintained an “overweight” rating, indicating continued confidence in Fastly’s growth and security opportunity. Benzinga
• Neutral Sentiment: Fastly’s partnership with Experian’s Agent Trust ecosystem supports its positioning in AI-agent verification, secure transactions and identity-based edge policies, but the longer-term revenue impact remains uncertain. Fastly and Experian Agent Trust
• Negative Sentiment: The market reaction suggests a “sell-the-news” dynamic: shares had already gained sharply, and valuation concerns leave less room for disappointment even after the earnings beat. Fastly Stock Sinks Despite Strong Q2 Results

Fastly Company Profile

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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