- Fastly ( NYSE: FSLY ) shares started the week on a strong note, rising more than 27% on the heels of a rare rating double upgrade from Bank of America Securities analyst Tal Liani.
- Before the start of trading, Liani boosted his take on Fastly ( FSLY ) all the way from underperform, or sell, up to buy, and lifted his price target on the company's stock to $16 a share from $10.50.
- Liani said that while Fastly ( FSLY ) could experience short term results that will "fluctuate", its foundation has become more solid since Chief Executive Todd Nightingale came on the job from Cisco Systems ( CSCO ) in September 2022 .
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Why did Fastly shares surge more than 27% Monday? Look at BofA's big double upgrade