CIBC Initiates Coverage on Fastly (NYSE:FSLY)

CIBC started coverage on shares of Fastly (NYSE:FSLY) in a research note issued to investors on Tuesday morning, FirstToMarketsRatingsTable reports. The firm issued an outperform rating and a $27.00 target price on the stock.

A number of other analysts have also recently commented on the stock. DA Davidson initiated coverage on shares of Fastly in a report on Tuesday. They set a buy rating and a $26.50 target price on the stock. Bank of America initiated coverage on shares of Fastly in a report on Tuesday. They set a buy rating and a $26.00 target price on the stock. Robert W. Baird initiated coverage on shares of Fastly in a report on Tuesday. They set an outperform rating and a $28.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Fastly in a report on Tuesday. They set an outperform rating and a $25.00 target price on the stock. Finally, William Blair initiated coverage on shares of Fastly in a report on Tuesday. They set an outperform rating on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Fastly currently has a consensus rating of Buy and a consensus target price of $25.60.

Shares of FSLY stock opened at $19.85 on Tuesday. Fastly has a 12 month low of $19.33 and a 12 month high of $25.67.

Further Reading: Reverse Stock Split

Analyst Recommendations for Fastly (NYSE:FSLY)

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