Fastly price target raised to $27 from $25 at Raymond James

Raymond James raised the firm’s price target on Fastly to $27 from $25 and keeps a Strong Buy rating on the shares. The company’s Q4 results were just below the Street’s revenue consensus, though EBITDA was well above guidance and the longer term outlook past 2024 remains in-line with the analyst day, the analyst says. The firm recommends taking any current weakness as a buying opportunity.