Fastly (NASDAQ:FSLY) Given New $19.00 Price Target at Royal Bank Of Canada

Fastly (NASDAQ:FSLY) had its price target lowered by investment analysts at Royal Bank Of Canada from $25.00 to $19.00 in a report released on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price objective points to a potential upside of 23.89% from the company’s previous close.

Several other brokerages have also recently weighed in on FSLY. Freedom Capital upgraded Fastly to a “strong-buy” rating in a report on Thursday, July 16th. KeyCorp reissued an “overweight” rating and set a $30.00 price target on shares of Fastly in a research report on Friday, September 18th. Bank of America upped their price objective on shares of Fastly from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Wednesday, September 23rd. Evercore reaffirmed an “outperform” rating on shares of Fastly in a research note on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fastly in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.17.

Fastly Price Performance

NASDAQ FSLY traded down $5.69 on Thursday, hitting $15.34. The company had a trading volume of 12,241,490 shares, compared to its average volume of 8,888,783. Fastly has a 12-month low of $7.87 and a 12-month high of $34.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.36 and a quick ratio of 3.36. The company’s fifty day moving average price is $24.30 and its 200-day moving average price is $21.45. The company has a market capitalization of $2.44 billion, a PE ratio of -28.89 and a beta of 0.22.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, November 4th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The business had revenue of $190.19 million during the quarter, compared to analysts’ expectations of $187.82 million. As a group, analysts predict that Fastly will post -0.29 earnings per share for the current year.

Insider Buying and Selling at Fastly

In other Fastly news, CEO Charles Compton, III sold 8,941 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $24.98, for a total transaction of $223,346.18. Following the sale, the chief executive officer directly owned 822,559 shares in the company, valued at $20,547,523.82. This represents a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Artur Bergman sold 37,039 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $25.48, for a total transaction of $943,753.72. Following the sale, the chief technology officer directly owned 1,024,239 shares in the company, valued at $26,097,609.72. This represents a 3.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,334,973 shares of company stock worth $35,706,621 in the last quarter. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Fastly

A number of hedge funds have recently added to or reduced their stakes in FSLY. Kestra Advisory Services LLC grew its stake in shares of Fastly by 83.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 27,858 shares of the company’s stock worth $715,000 after purchasing an additional 12,669 shares during the period. Greenleaf Trust purchased a new position in Fastly in the third quarter valued at about $236,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Fastly in the 3rd quarter worth approximately $2,149,000. D.A. Davidson & CO. acquired a new position in Fastly during the third quarter worth $1,388,000. Finally, Capelight Capital Asset Management LP acquired a new position in Fastly during the third quarter worth $1,540,000. 79.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Fastly

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: Fastly reported record Q3 revenue of about $190.2 million, up 20.2% year over year, and adjusted earnings of $0.17 per share versus the $0.12 consensus estimate. Security sales rose 32%, with growth also supported by deeper customer use of its platform. Fastly Q3 earnings beat estimates
• Positive Sentiment: Management raised its 2026 outlook, projecting revenue of $744 million to $748 million and free cash flow of $50 million to $60 million. Q4 revenue guidance of $198 million to $202 million also came in above analysts’ expectations. 2026 revenue and free cash flow outlook
• Neutral Sentiment: Go-to-market president Scott Lovett plans to retire in 2027, and Fastly is beginning a search for a chief revenue officer. The transition is not immediate, but investors may watch for its effect on sales leadership. Fastly leadership transition announcement
• Negative Sentiment: Some analysts cut their price targets while maintaining neutral or sector-perform ratings: Piper Sandler lowered its target to $24 from $28, and RBC cut its target to $19 from $25. These reductions may have weighed on sentiment amid the post-earnings decline. RBC cuts Fastly price target
• Negative Sentiment: Despite stronger Q4 guidance, reports noted that growth is expected to decelerate in the quarter, a potential concern for investors weighing Fastly’s longer-term growth trajectory. Fastly Q3 earnings call highlights

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.