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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
Based on 8 Wall Street analysts who have issued ratings for Fastly in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 6 have given a hold rating, and 1 has given a strong buy rating for FSLY.
Consensus Price Target
$7.81
6.29% Upside
| High Forecast | $10.00 |
|---|---|
| Average Forecast | $7.81 |
| Low Forecast | $6.00 |
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 6.29% from the current price of $7.35.
| Type | Current Forecast 9/18/23 to 9/17/24 | 1 Month Ago 8/19/23 to 8/18/24 | 3 Months Ago 6/20/23 to 6/19/24 | 1 Year Ago 9/18/22 to 9/18/23 |
|---|---|---|---|---|
| Consensus Rating | Hold | Hold | Hold | Hold |
| Strong Buy | 1 Strong Buy rating(s) | 1 Strong Buy rating(s) | 1 Strong Buy rating(s) | 0 Strong Buy rating(s) |
| Buy | 0 Buy rating(s) | 0 Buy rating(s) | 1 Buy rating(s) | 3 Buy rating(s) |
| Hold | 6 Hold rating(s) | 5 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 | $7.93 | $14.61 | $16.83 |
| Forecasted Upside | 6.29% Upside | -9.06% Downside | 1.14% Upside | -1.50% Downside |
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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.
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Fastly Stock vs. The Competition
| Type | Fastly | Computer and Technology Companies | S&P 500 |
|---|---|---|---|
| Consensus Rating Score | 2.13 | 2.64 | 2.50 |
| Consensus Rating | Hold | Moderate Buy | Moderate Buy |
| Predicted Upside | 12.01% Upside | 166.19% Upside | 7.94% Upside |
| News Sentiment Rating | Neutral News | Positive News | Positive News |
Recent Analyst Forecasts and Stock Ratings
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| Date | Brokerage | Analyst Name | Action | Rating | Price Target | Upside/Downside on Report Date | Details |
|---|---|---|---|---|---|---|---|
| 8/27/2024 | Morgan Stanley 3 of 5 stars | Lower Target | Equal Weight ➝ Equal Weight | $12.00 ➝ $7.00 | +12.63% | ||
| 8/8/2024 | Raymond James 4 of 5 stars | Lower Target | Strong-Buy ➝ Strong-Buy | $13.00 ➝ $8.00 | +42.60% | ||
| 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% | ||
Get the Latest News and Ratings for FSLY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fastly and its competitors with MarketBeat's FREE daily newsletter. | |||||||
| 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 Tuesday at 04:51 PM ET.
FSLY Forecast - Frequently Asked Questions
What is Fastly's forecast for 2024?
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.
Should I buy or sell Fastly stock right now?
8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fastly in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FSLY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FSLY, but not buy additional shares or sell existing shares.
Does Fastly's stock price have much downside?
According to analysts, Fastly's stock has a predicted downside of -7.06% based on their 12-month stock forecasts.
Has Fastly been downgraded by Wall Street analysts recently?
Over the previous 90 days, Fastly's stock had 1 downgrade by analysts.
What analysts cover Fastly?
Fastly has been rated by research analysts at Craig Hallum, Morgan Stanley, Piper Sandler, and Raymond James in the past 90 days.
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.
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This page (NYSE:FSLY) was last updated on 9/17/2024 by MarketBeat.com Staff
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 Stock Forecast and Price Target 2024 (2024))
