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Fly News Breaks for February 21, 2020
FSLY
Feb 21, 2020 | 06:13 EDT
Piper Sandler analyst James Fish raised the firm's price target on Fastly to $27 from $24 and keeps an Overweight rating on the shares. Fastly reported a "strong" Q4, with 7.5% upside driven by the advancement of Disney+ and other live streaming events in the quarter, Fish tells investors in a post-earnings research note. He also believes the CEO transition makes sense and is a positive for the company.
News For FSLY From the Last 2 Days
FSLY
Mar 28, 2024 | 07:19 EDT
BofA analyst Tal Liani lowered the firm's price target on Fastly to $18 from $28 and keeps a Buy rating on the shares. Fastly management has made significant progress over the last twelve months, but "recovery is not linear" and the company still faces lingering headwinds to growth in the first half, says the analyst, who has lowered estimates and the firm's multiple to reflect potential risk of headwinds to first half results.