Fastly’s price-to-sales ratio totals a stratospheric 45.25, and its price-to-book ratio is an astronomical 41.4, according to Morningstar. It “has a lot to prove near-term at these levels,” he said.

Fastly shares recently traded at $98.22, down 4.38%. Stats based on trailing-twelve-month (ttm) numbers. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy.

Data powered by On Monday, Piper Sandler dropped its rating to neutral from overweight, but lifted its price target to $89 from $31, just like Bank of America.

On Thursday, Citigroup dropped its rating to sell from neutral, saying Fastly’s revenue needs much “heavy lifting” to maintain the stock’s valuation. Bloomberg calculated that Fastly has six buy ratings, three holds, and two sells. Bloomberg calculated that Fastly has six buy ratings, three holds, and two sells. Fastly  (FSLY) - Get Report shares fell Friday, interrupting a 400% flight for the content delivery network’s stock year to date, as analysts turned cautious. Piper Sandler analyst James Fish said that although the company should be a "major beneficiary" of accelerating e-commerce, streaming, and edge computing, “euphoria” now surrounds the company. The stock has jumped 375% in the past three months, compared to 29% for the Nasdaq Composite. Start a 14-day free trial to Morningstar Premium to unlock our take on FSLY.

Benzinga Pro Calendars - Fastly, Inc. was founded in 2011 and is headquartered in San Francisco, California.

The stock …

Learn about FSLY with our data and independent analysis including price, star rating, valuation, dividends, and financials. Based on analysts offering 12 month price targets for FSLY in the last 3 months. © 2020 TheStreet, Inc. All rights reserved.

*Average 12-month price target from 10 stock analysts.

It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial technology services industries. The average price target is $ 0.00 with a high estimate of $ 0.00 and a low estimate of $ 0.00 . Fastly’s valuation is “difficult to justify,” and “bakes in near-perfect execution,” Bank of America analysts wrote in a commentary Friday cited by Bloomberg. The company has benefited from increased internet usage amid the coronavirus pandemic. Sign up to receive Benzinga's Daily Ratings Newsletter, 'Fast Money' Traders Discuss Wells Fargo's Upgrade Of Caterpillar, BofA Brushes Aside Roku Investor Concerns, Raises Price Target, Wells Fargo Upgrades Caterpillar On Upside In Key Markets, Amazon Prime Day Takeaways: Best Two-Day Period Ever For Third-Party Sales. The Bank of America analysts lowered their rating to underperform from buy, although they’re still “constructive on the fundamentals.”. At least four analysts have cut their ratings this month, viewing the stock’s surge as overdone, Bloomberg reported. COVID-19 Has Sent The Need For Chatbots Skyrocketing.

Numbers in millions USD, except per-share numbers.

Action Alerts PLUS is a registered trademark of TheStreet, Inc. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet.

Why Pinterest's Stock Is Trading Higher Today, Benzinga's Top Upgrades, Downgrades For October 16, 2020, Netflix Analysts Confident Of Fundamentals, Long-Term Outperformance Ahead Of Q3 Results, 10 Biggest Price Target Changes For Friday, Privacy Policy / Do Not Sell My Personal Data. It is a programmable platform designed for Web and application delivery. Fastly’s price-to-sales ratio totals a stratospheric 45.25, and its price-to-book ratio is an astronomical 41.4, according to Morningstar.

Fastly shares recently traded at $98.22, down 4.38%. Stock Split; Media; Buybacks; ... Earnings Calendar; Guidance Summaries; Fastly, Inc. Class A (FSLY) 91.44 +3.81 (4.35%) Analyst Ratings . Get detailed information on Fastly stock (NYSE: FSLY), including today’s stock quote, real-time price, news, financials, charts and more.

Dan is a freelance writer whose work has appeared in The Wall Street Journal, Barron's, Institutional Investor, The Washington Post and other publications. Create one. As of December 31, 2019, the company's edge network spans 68 points-of-presence worldwide. Is The Technology Ready? Don't have a Benzinga account? Start your FREE TRIAL today! Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. FSLY updated stock price target summary.

Fastly Inc. Cl A analyst ratings, historical stock prices, earnings estimates & actuals. To be sure, they lifted their share-price target to $90 from $50 to account for the stock’s recent ascent. Fastly operates an edge cloud platform for processing, serving, and securing its customer's applications.

The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012.