Fastly price target raised to $16 from $14 at Credit Suisse

Credit Suisse raised the firm’s price target on Fastly to $16 from $14 and keeps a Neutral rating on the shares following the company’s Analyst Day event. The firm believes CEO Todd Nightingale and his leadership team have sowed the seeds for meaningful change in both the near- and long-term, but feels continued intensity, discipline, and time are of greatest importance, the analyst tells investors in a research note.