RBC Capital analyst Rishi Jaluria maintained a Hold rating on Fastly (NYSE:FSLY) Inc on Thursday, setting a price target of $36, which is approximately 12.71% below the present share price of $41.24.
Jaluria expects Fastly Inc to post earnings per share (EPS) of -$0.44 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Fastly, with an average price target of $44.
The analysts price targets range from a high of $50 to a low of $37.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $84.85 million and a net profit of -$49.96 million. The company's market cap is $4.77 billion.
According to TipRanks.com, RBC Capital analyst Rishi Jaluria is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.4% and a 69.59% success rate.
Fastly, Inc. provides real-time content delivery network services. It offers edge cloud platform, edge software development kit (SDK), content delivery and image optimization, video and streaming, cloud security, load balancing, and managed CDN. The company was founded by Artur Bergman, Simon Wistow, and Gil Penchina in March 2011 and is headquartered in San Francisco, CA.