Fastly price target raised to $8 from $7 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Fastly (FSLY) to $8 from $7 and keeps an Equal Weight rating on the shares. Revenue growth accelerated to 8% after slowing for six quarters and is expected to reach 10% in Q2, the analyst tells investors. Improved pricing trends and share gains in networking are “encouraging,” but “lackluster growth in security makes it hard to underwrite durability,” the analyst added.