Fastly, Inc. (NASDAQ:FSLY) Stock Rated “Hold” by Wall Street Brokerages

12 Oct 2026, 08:44 by Michael Walen · The Markets Daily

Fastly, Inc. (NASDAQ:FSLY – Get Free Report) has earned an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.42.

Several brokerages have recently commented on FSLY. Weiss Ratings restated a “sell (d-)” rating on shares of Fastly in a research note on Friday, August 7th. Canaccord Genuity Group initiated coverage on shares of Fastly in a research report on Friday, July 17th. They set a “buy” rating and a $27.00 target price for the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $25.00 price target on shares of Fastly in a report on Wednesday, September 23rd. Freedom Capital raised shares of Fastly to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Oppenheimer upgraded shares of Fastly from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Friday.

Read Our Latest Analysis on Fastly

Insider Transactions at Fastly

In other news, insider Jeffrey Ford sold 45,832 shares of Fastly stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $24.65, for a total value of $1,129,758.80. Following the completion of the transaction, the insider owned 249,861 shares in the company, valued at approximately $6,159,073.65. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott Lovett sold 41,815 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $24.64, for a total value of $1,030,321.60. Following the sale, the insider owned 1,281,583 shares in the company, valued at approximately $31,578,205.12. This trade represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,243,371 shares of company stock valued at $33,335,165. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Fastly

A number of institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in shares of Fastly by 84.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock valued at $40,000 after buying an additional 633 shares during the last quarter. IFP Advisors Inc lifted its position in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after buying an additional 1,346 shares in the last quarter. GAMMA Investing LLC grew its holdings in Fastly by 38.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after acquiring an additional 419 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Fastly during the 1st quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Fastly by 39.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,204 shares of the company’s stock worth $64,000 after acquiring an additional 627 shares during the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Stock Performance

NASDAQ FSLY opened at $29.30 on Wednesday. Fastly has a twelve month low of $7.74 and a twelve month high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The stock has a market cap of $4.67 billion, a P/E ratio of -55.28 and a beta of 0.31. The company’s 50-day simple moving average is $24.81 and its 200 day simple moving average is $22.74.

Fastly (NASDAQ:FSLY – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08. Fastly had a negative return on equity of 6.31% and a negative net margin of 11.80%. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, research analysts forecast that Fastly will post -0.29 earnings per share for the current fiscal year.

Fastly News Summary

Here are the key news stories impacting Fastly this week:

Positive Sentiment: Oppenheimer upgraded Fastly to Outperform from Neutral and established a $35 price target. The firm cited industry checks showing larger contract values, stronger security cross-selling and early monetization of traffic generated by “agentic AI” applications. Oppenheimer upgrades Fastly to Outperform with $35 target on AI traffic
Positive Sentiment: Oppenheimer believes Fastly’s contract expansion and AI opportunity could support revenue growth in the high-teens to low-20% range over the next several years, improving the company’s long-term growth outlook. FSLY Rockets Nearly 16%: Oppenheimer Upgrades Stock
Positive Sentiment: Options activity also reflected bullish positioning: traders bought 18,511 Fastly call options, approximately 39% above average call volume. This suggests increased speculative interest following the upgrade.
Positive Sentiment: Commentary from Zacks and Jim Cramer further highlighted Fastly as a potential beneficiary of the shift toward autonomous AI agents and rising AI-related internet traffic, adding to the stock’s momentum. Fastly: Riding the Agentic AI Wave
Neutral Sentiment: Fastly will report third-quarter 2026 results after the market closes on November 4. Investors will look for evidence that contract growth, security demand and AI traffic monetization are translating into accelerating revenue and improving profitability. Fastly to Announce Third Quarter 2026 Financial Results

Fastly Company Profile

(Get Free Report)

Fastly, Inc (NASDAQ: FSLY) is a technology company that provides an edge cloud platform designed to help businesses deliver, secure and operate digital applications and content closer to end users. Its platform supports websites, mobile applications, APIs, streaming media and other internet services by processing data at the edge of the network, helping organizations improve performance, scalability and reliability.