Fastly (FSLY) Stock Forecast & Price Target

$7.34

+0.01 (+0.14%)

(As of 10/29/2024 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

Reduce

Based on 8 Analyst Ratings

Sell
1

Hold
7

Buy
0

Based on 8 Wall Street analysts who have issued ratings for Fastly in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 1 has given a sell rating, and 7 have given a hold rating for FSLY.

Consensus Price Target

$7.81
6.36% Upside

According to the 8 analysts' twelve-month price targets for Fastly, the average price target is $7.81. The highest price target for FSLY is $10.00, while the lowest price target for FSLY is $6.00. The average price target represents a forecasted upside of 6.36% from the current price of $7.35.

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FSLY Analyst Ratings Over Time

Type	Current Forecast 10/31/23 to 10/30/24	1 Month Ago 10/1/23 to 9/30/24	3 Months Ago 8/2/23 to 8/1/24	1 Year Ago 10/31/22 to 10/31/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$7.81	$7.81	$13.69	$17.65
Forecasted Upside	6.36% Upside	3.20% Upside	78.22% Upside	20.23% Upside
Consensus Rating	Reduce	Hold	Hold	Hold

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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.

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.

Fastly Stock vs. The Competition

Type	Fastly	Computer and Technology Companies	S&P 500
Consensus Rating Score	1.88	2.67	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	6.36% Upside	685.80% Upside	8.91% Upside
News Sentiment Rating	Neutral News See Recent FSLY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/1/2024	Raymond James 4 of 5 stars	F. Louthan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Market Perform
8/27/2024	Morgan Stanley 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$12.00 ➝ $7.00	+12.63%
8/8/2024	Craig Hallum 3 of 5 stars		Lower Target	Hold ➝ Hold	$10.00 ➝ $6.00	+7.14%
8/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$10.00 ➝ $6.00	-12.28%
5/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$15.00 ➝ $10.00	+16.41%
5/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$18.00 ➝ $9.00	+5.76%
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5/2/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Kessinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$24.00 ➝ $8.50	-34.31%
5/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Underperform	$18.00 ➝ $8.00	-38.18%
6/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$14.00 ➝ $16.00	-0.62%
4/19/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
2/16/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$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 05:18 AM ET.

FSLY Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Fastly is $7.81, with a high forecast of $10.00 and a low forecast of $6.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last year. There is currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" FSLY shares.
: According to analysts, Fastly's stock has a predicted upside of 6.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Fastly's stock had 2 downgrades by analysts.
: Fastly has been rated by research analysts at Craig Hallum, Morgan Stanley, Piper Sandler, and Raymond James in the past 90 days.
: Analysts like Fastly less than other "computer and technology" companies. The consensus rating for Fastly is Reduce while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how FSLY compares to other companies.

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This page (NYSE:FSLY) was last updated on 10/30/2024 by MarketBeat.com Staff

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Fastly (FSLY) Stock Forecast & Price Target