Fastly, Inc. (FSLY) saw its stock price surge 5.16% in pre-market trading on Monday, following an upgrade by KeyBanc Capital Markets. The firm raised its rating on Fastly from "Sector Weight" to "Overweight" and set a new price target of $14, significantly higher than the previous average analyst target of $10.93.
This upgrade reflects growing confidence in Fastly's business prospects, likely driven by positive developments in its operations or market position. The higher price target suggests that KeyBanc sees substantial upside potential for the stock, which has evidently resonated with investors in early trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments