Raymond James analyst Frank Louthan added Fastly to the firm’s “Analyst Current Favorites” list and believes the stock reaction of Fastly’s slight revenue miss is significantly overdone. Fastly achieved financial milestones it previously laid out, including positive EBITDA, and is now tracking to free cash flow breakeven by year-end, and Raymond James is now more confident it will achieve these targets based on the Q4 results. The firm maintains a Strong Buy rating and $25 price target on Fastly shares.
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