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Fly News Breaks for January 2, 2020
Jan 2, 2020 | 06:40 EDT
Piper Jaffray analyst James Fish upgraded Fastly to Overweight from Neutral with a $24 price target. The analyst cites the stock's "compelling valuation" and the headwinds around its GPM and float having played out. Fish further expects 2020 to be a "very strong year" for content delivery network space as live media events and new streaming services become more material.
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