Fastly (FSLY) Receives a Buy from Oppenheimer


Oppenheimer analyst Timothy Horan maintained a Buy rating on Fastly (FSLY) today and set a price target of $27.00. The company’s shares closed last Monday at $24.59.

According to TipRanks.com, Horan is a top 25 analyst with an average return of 18.0% and a 77.9% success rate. Horan covers the Technology sector, focusing on stocks such as Limelight Networks, GTT Communications, and Boingo Wireless.

Fastly has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.

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Based on Fastly’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $12.16 million. In comparison, last year the company had a GAAP net loss of $9.31 million.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FSLY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.

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