Royal Bank Of Canada Forecasts Strong Price Appreciation for Fastly (NYSE:FSLY) Stock

Fastly (NYSE:FSLY) had its price target increased by stock analysts at Royal Bank Of Canada from $12.00 to $20.00 in a research note issued on Monday, MarketBeat reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 5.39% from the company’s current price.

A number of other brokerages have also recently commented on FSLY. Oppenheimer assumed coverage on shares of Fastly in a research note on Monday, November 17th. They issued a “market perform” rating for the company. DA Davidson set a $13.00 target price on shares of Fastly in a report on Thursday, February 12th. KeyCorp upgraded shares of Fastly from a “sector weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research note on Monday, December 15th. Piper Sandler reiterated a “neutral” rating and set a $14.00 price target (up from $11.00) on shares of Fastly in a report on Thursday, February 12th. Finally, William Blair upgraded Fastly from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.14.

Fastly Price Performance

NYSE:FSLY opened at $21.14 on Monday. Fastly has a 1-year low of $4.65 and a 1-year high of $21.23. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $12.00 and a 200 day simple moving average of $10.16. The stock has a market capitalization of $3.21 billion, a PE ratio of -22.02 and a beta of 1.03.

Insiders Place Their Bets

In other news, insider Scott R. Lovett sold 42,118 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $10.10, for a total value of $425,391.80. Following the completion of the sale, the insider owned 1,002,137 shares in the company, valued at $10,121,583.70. This represents a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Artur Bergman sold 200,847 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $18.42, for a total transaction of $3,699,601.74. Following the transaction, the chief technology officer directly owned 2,299,711 shares in the company, valued at $42,360,676.62. The trade was a 8.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 919,242 shares of company stock worth $12,797,852 over the last ninety days. Insiders own 6.70% of the company’s stock.

Institutional Trading of Fastly

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Fastly in the fourth quarter valued at about $41,000. Align Financial LLC bought a new stake in shares of Fastly in the 4th quarter worth approximately $41,000. Byrne Asset Management LLC purchased a new position in Fastly in the third quarter valued at approximately $43,000. Quarry LP bought a new position in Fastly during the third quarter valued at $49,000. Finally, Geneos Wealth Management Inc. bought a new position in Fastly during the first quarter valued at $52,000. Institutional investors own 79.71% of the company’s stock.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

• Positive Sentiment: RBC Capital raised its price target to $20 (from $12) after investor meetings, citing improving execution; the firm kept a “sector perform” rating — this boost in analyst confidence helped lift buyer sentiment even though the rating remains cautious. Read More.
• Positive Sentiment: Unusual options activity — roughly 22,122 call options were purchased (about 82% above average). Heavy call buying signals bullish positioning and can amplify short‑term upside or volatility as traders roll/hedge those positions. Read More.
• Neutral Sentiment: Analyst coverage is increasing (roundups and individual reports from multiple firms). More research lifts visibility and trading volume but doesn’t directly change Fastly’s fundamentals. Read More.
• Negative Sentiment: Insider selling disclosed: CTO Artur Bergman made a small sale (869 shares) recently and several larger sales in February. Sales are modest relative to his large remaining stake but can be perceived negatively by some investors. Read More.

Fastly Company Profile

Fastly, Inc operates an edge cloud platform designed to accelerate, secure and enable modern digital experiences. The company offers a suite of services including a content delivery network (CDN), edge compute, load balancing, web application firewall (WAF) and DDoS protection. Fastly’s real-time architecture allows customers to seamlessly deploy software logic at the network edge, reducing latency by bringing applications and content closer to end users.

Founded in 2011 by Artur Bergman, Fastly has evolved from a pure-play CDN provider into a comprehensive edge cloud platform.