Fastly (FSLY) News Today

Fastly, Inc. (NASDAQ: FSLY) shares increased as investors responded to a bullish analyst upgrade and improving expectations for the company’s AI-related growth. The stock traded near $29.32, while Oppenheimer set a $35 price target.

• 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