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Fastly (FSLY) Stock Forecast & Price Target

$8.60
-0.15 (-1.71%)
(As of 05/21/2024 ET)

Fastly - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 8 Analyst Ratings

Consensus Price Target

$14.61
69.80% Upside
High Forecast$25.00
Average Forecast$14.61
Low Forecast$8.00
TypeCurrent Forecast
5/22/23 to 5/21/24
1 Month Ago
4/22/23 to 4/21/24
3 Months Ago
2/21/23 to 2/21/24
1 Year Ago
5/22/22 to 5/22/23
Consensus Rating
Hold
Moderate Buy
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
1 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$14.61$19.11$20.56$16.00
Forecasted Upside69.80% Upside12.88% Upside13.73% Upside7.19% Upside
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FSLY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FSLY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Fastly Stock vs. The Competition

TypeFastlyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.25
2.59
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside71.09% Upside187.18% Upside8.40% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/9/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$15.00 ➝ $10.00+16.41%
5/2/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$18.00 ➝ $9.00+5.76%
5/2/2024DA Davidson
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R. Kessinger
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DowngradeBuy ➝ Neutral$24.00 ➝ $8.50-34.31%
5/2/2024Bank of America
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 DowngradeBuy ➝ Underperform$18.00 ➝ $8.00-38.18%
4/8/2024Piper Sandler
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 UpgradeNeutral ➝ Overweight$19.00 ➝ $16.00+27.69%
2/15/2024Craig Hallum
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 DowngradeBuy ➝ Hold$20.00-15.07%
10/5/2023Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$25.00+55.76%
8/3/2023Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$18.00 ➝ $19.00-3.26%
6/23/2023Credit Suisse Group
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 Boost Target$14.00 ➝ $16.00-0.62%
4/19/2023William Blair
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J. Ho
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Reiterated RatingMarket Perform
2/16/2023Robert W. Baird
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 Boost TargetNeutral$10.00 ➝ $14.00+0.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:58 AM ET.

FSLY Frequently Asked Questions

What is Fastly's stock forecast and purchase recommendation?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Fastly is $14.61, with a high forecast of $25.00 and a low forecast of $8.00. The consensus rating for Fastly stock is Hold based on the current 1 sell rating, 5 hold ratings, 1 buy rating and 1 strong buy rating for FSLY. Learn more on FSLY's analyst rating history.

Do Wall Street analysts like Fastly more than its competitors?

Analysts like Fastly less than other "computer and technology" companies. The consensus rating for Fastly is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how FSLY compares to other companies.

Is Fastly being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Fastly's stock had 2 downgrades and 1 upgrade by analysts.

Does Fastly's stock price have much upside?

According to analysts, Fastly's stock has a predicted upside of 1.14% based on their 12-month stock forecasts.

What analysts cover Fastly?

Fastly has been rated by research analysts at Bank of America, Citigroup, DA Davidson, Piper Sandler, and Royal Bank of Canada in the past 90 days.


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This page (NYSE:FSLY) was last updated on 5/21/2024 by MarketBeat.com Staff

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