DA Davidson raised the firm’s price target on Fastly (FSLY) to $13 from $9 and keeps a Neutral rating on the shares after its Q4 earnings beat. Traffic growth appears to be in a much healthier place than it has been the last few years with agentic AI traffic being a tailwind, and the management noted price compression in Q4 was just mid-single-digits vs. the historical mid-teens range, the analyst tells investors in a research note.
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