William Blair analyst Jonathan Ho has maintained their neutral stance on FSLY stock, giving a Hold rating today.
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Jonathan Ho’s rating is based on a combination of factors that reflect both positive developments and ongoing challenges for Fastly. The company has demonstrated strong execution with accelerating annual recurring revenue (ARR) growth, driven by platform expansion and increased demand for security solutions. This growth is supported by strategic initiatives implemented by the new leadership team, which have resulted in market share gains and diversification of revenue streams.
Despite these positive trends, the Hold rating suggests a cautious outlook, as Fastly is still in the process of reaching an inflection point where it can achieve sustained growth. The company’s efforts to enhance its platform and improve go-to-market strategies are promising, but the impact on long-term metrics such as net retention rate remains to be fully realized. Therefore, while the potential for growth is evident, the recommendation reflects a wait-and-see approach as Fastly continues to execute its strategic plans.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $8.50 price target.