Stifel Nicolaus analyst GMP Securities maintained a Buy rating on Fastly (NYSE:FSLY) Inc on Thursday, setting a price target of $98, which is approximately 10.03% below the present share price of $108.92.
expects Fastly Inc to post earnings per share (EPS) of -$0.13 for the third quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Fastly, with an average price target of $91.29.
The analysts price targets range from a high of $105 to a low of $58.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $62.92 million and a net profit of -$11.98 million. The company's market cap is $9.25 billion.
According to TipRanks.com, Stifel Nicolaus analyst GMP Securities is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 55.13% 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.