BofA raised the firm’s price target on Fastly to $28 from $26.50 and keeps a Buy rating on the shares. The firm, which believes that the key determinant in the AI race is “not just in the hardware used, but in the effective utilization of software,” argues that Fastly’s distinctive architecture, software defined strategy, and code optimization protocols position the company to run inference compute with the lowest latency and highest efficiency.
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