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.
Published first on TheFly
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