Shares of Fastly Inc (NYSE:FSLY) have received an average recommendation of “Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.44.

Several equities analysts have recently commented on FSLY shares. Stifel Nicolaus started coverage on shares of Fastly in a research report on Tuesday, June 11th. They set a “buy” rating and a $25.00 price target for the company. Credit Suisse Group started coverage on shares of Luckin Coffee in a research report on Tuesday, June 11th. They set an “outperform” rating and a $24.00 price target for the company. Citigroup started coverage on shares of Fastly in a research report on Wednesday, June 12th. They set a “neutral” rating and a $23.00 price target for the company. William Blair started coverage on shares of Avantor in a research report on Tuesday, June 11th. They set an “outperform” rating for the company. Finally, Robert W. Baird upped their price target on shares of Aptiv from $103.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 11th.

Shares of Fastly stock traded up $1.03 during trading on Friday, hitting $21.08. 409,156 shares of the stock were exchanged, compared to its average volume of 678,974. Fastly has a 12 month low of $16.81 and a 12 month high of $25.67.

In related news, major shareholder Qualified Master Fund L. Abdiel acquired 153,248 shares of Fastly stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of $17.25 per share, with a total value of $2,643,528.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Fastly

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Analyst Recommendations for Fastly (NYSE:FSLY)

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