Fastly initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of Fastly (FSLY) with an Outperform rating and $32 price target The company’s narrative shifted in 2026 from slowing, delivery-driven growth and profitability skepticism to “higher-quality growth supported by stronger execution and a structural platform shift,” the analyst tells investors in a research note. The firm believes Fastly is well positioned to become the embedded infrastructure for AI-native apps.