Fastly price target raised to $30 from $14 at Piper Sandler

Piper Sandler raised the firm’s price target on Fastly (FSLY) to $30 from $14 and keeps a Neutral rating on the shares. The firm says it dived into the opportunity and the narrative for the stock, coming away incrementally more positive, but not enough to turn positive as much of the multiple expansion factors in success already.