Fastly price target raised to $14 from $10 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Fastly to $14 from $10 and keeps a Neutral rating on the shares. The company’s Q4 results "skewed slightly positive" as management posted a similar beat as Q3, provided guidance above expectations, and SigSci continues to post 30% growth, the analyst tells investors in a research note.