▼ -5.09% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Fastly in the last 3 months. The average price target is $72.46, with a high forecast of $105.00 and a low forecast of $24.00. The average price target represents a -5.09% upside from the last price of $76.35.
The current consensus among 14 investment analysts is to hold stock in Fastly.
Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications. 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. It is a programmable platform designed for Web and application delivery. As of December 31, 2019, the company's edge network spans 68 points-of-presence worldwide. It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial technology services industries. The company was formerly known as SkyCache, Inc. and changed its name to Fastly, Inc. in May 2012. Fastly, Inc. was founded in 2011 and is headquartered in San Francisco, California.