BofA raised the firm’s price target on Fastly to $26.50 from $16 and keeps a Buy rating on the shares after e increasing its revenue estimates to reflect what it calls "differentiated CDN products that mitigate the market’s commoditization pressures." The firm notes that its EPS estimates for calendar 2023 and 2024 are 3c and 12c above consensus, respectively.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FSLY: