Fastly, Inc. (FSLY) saw its stock price surge 6.15% during intraday trading on Monday, following a significant 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, well above the previous average analyst target of $10.93.
The upgrade reflects growing confidence in Fastly's business prospects, likely driven by positive developments in its operations or market position. Investors responded positively to the news, driving the stock higher as the market opened.
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