Fastly price target raised to $7.50 from $7 at Piper Sandler

Piper Sandler raised the firm’s price target on Fastly (FSLY) to $7.50 from $7 and keeps a Neutral rating on the shares. The easy setup heading into Q2 that the firm previewed showed through, with Fastly showing revenue acceleration, better go-to-market execution, higher commitments from large customers, and improved operational results, the firm adds. The numbers setup into the second half of 2025 looks very achievable, as Fastly starts generating free cash flow now annually. However, the multiple management changes will create questions around what’s next for Fastly that only time will tell, Piper adds. The firm is encouraged by the metrics improving, higher visibility coming into the model, and the cross-sell motion working.