Why Fastly (FSLY) Stock Is Having Its Best Week in Months

TLDR Oppenheimer upgraded Fastly to Outperform from Perform, lifting its price target to $35. FSLY stock jumped more than 16%, trading near $25.29 on the news. The upgrade points to growing contract values and rising demand for Fastly’s security products. Analyst Param Singh expects high-teens to low-20s growth for Fastly over the next few years. Wall Street holds a Moderate Buy rating on the stock, with 11 analysts recently raising earnings estimates. Fastly stock climbed more than 16% after Oppenheimer upgraded the company to Outperform from Perform.

Source: CoinCentral