FSLY - Fastly Has 'Magic Of Possibility' Says Analyst: 'Growth Comes From Non-Top 10 Enterprises' | Benzinga
Fastly Inc (NYSE: FSLY) reported mixed results for the fourth quarter.
However, the San Francisco-based company is gaining market and has "multiple upside levers,” according to Piper Sandler.
The Fastly Analyst: James Fish upgraded the rating for Fastly from Neutral to Overweight, while reducing the price target from $19 to $16.
The Fastly Thesis: A favorable competitive landscape, the stabilizing of OTT metrics, and new packaging are just some of the many drivers of sustainability in the company’s CDN business, Fish said in the upgrade note.
Check ...