Analysts Maintain Cautious Stance on Fastly (FSLY)


Fastly Inc. (NASDAQ:FSLY) is one of the The best tech stocks under $10 to buy . On January 5th, analysts at Piper Sandler increased their price target on Fastly Inc. (NASDAQ:FSLY) to $11 from $10, while maintaining its neutral rating on the stock. Following this analyst report, Fastly Inc. (NASDAQ:FSLY) saw its share price rise 4.57%, from $10.07 on January 6th to $10.53 on January 7th, before a sharp two-day slide that culminated in a 11.59% drop to $9.31 on January 9th.

Piper Sandler and Citi Change Price Targets on Fastly (FSLY)
Piper Sandler and Citi Change Price Targets on Fastly (FSLY)

Photo by ThisisEngineering on Unsplash

On January 13, RBC Capital analyst Rishi Jaluria reaffirmed his Hold rating on the company and maintained his price target of $10. Meanwhile, on January 16, Citi maintained its neutral rating on Fastly Inc. (NASDAQ:FSLY) , but analyst Fatima Boolani cut the stock’s price target to $10 from $12 amid the company’s adjusted outlook targets for this year, particularly in its infrastructure software division.

As a provider of real-time content delivery network services, Fastly Inc. (NASDAQ:FSLY) offers load balancing and image optimization, on-demand video and managed edge delivery.

While we recognize FSLY’s investment potential, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 14 Best Tech Stocks Under $10 to Buy i Goldman Sachs Semiconductor Stock: Top 12 Picks.

Disclosure: no. This article is originally published in Monkey Insider.



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