DA Davidson lowered the firm’s price target on Fastly (FSLY) to $9 from $11.50 and keeps a Neutral rating on the shares ahead of its Q4 results. The firm is positive on the setup for the quarter, particularly given the recent price action and the upbeat management commentary on traffic growth and pricing in its intra-quarter conversations and investor meetings, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLY: