Fastly, Inc. (FSLY)
NYSE: FSLY · IEX Real-Time Price · USD
12.52
-0.11 (-0.87%)
At close: Apr 17, 2024, 4:00 PM
12.59
+0.07 (0.56%)
Pre-market: Apr 18, 2024, 8:00 AM EDT
Fastly Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Fastly stock have an average target of 19, with a low estimate of 16 and a high estimate of 25. The average target predicts an increase of 51.76% from the current stock price of 12.52.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Fastly stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Hold | 5 | 5 | 7 | 8 | 6 | 6 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 11 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Hold → Buy Upgrades $19 → $16 | Hold → Buy | Upgrades | $19 → $16 | +27.80% | Apr 8, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $28 → $18 | Strong Buy | Maintains | $28 → $18 | +43.77% | Mar 28, 2024 |
| Craig-Hallum | Craig-Hallum | Strong Buy → Hold Downgrades $20 | Strong Buy → Hold | Downgrades | $20 | +59.74% | Feb 15, 2024 |
| Citigroup | Citigroup | Strong Sell → Hold Upgrades $11 → $20 | Strong Sell → Hold | Upgrades | $11 → $20 | +59.74% | Jan 22, 2024 |
| RBC Capital | RBC Capital | Sell → Hold Upgrades $12 → $18 | Sell → Hold | Upgrades | $12 → $18 | +43.77% | Jan 8, 2024 |
Financial Forecast
Revenue This Year
596.53M
from 505.99M
Increased by 17.89%
Revenue Next Year
690.28M
from 596.53M
Increased by 15.72%
EPS This Year
-0.04
from -1.03
EPS Next Year
0.18
from -0.04
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 618.0M | 744.7M | 920.9M | 1.1B | 1.3B |
| Avg | 596.5M | 690.3M | 799.5M | 1.0B | 1.2B |
| Low | 569.3M | 647.2M | 723.7M | 967.5M | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.1% | 24.8% | 33.4% | 36.0% | 22.3% |
| Avg | 17.9% | 15.7% | 15.8% | 29.0% | 17.0% |
| Low | 12.5% | 8.5% | 4.8% | 21.0% | 10.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.01 | 0.35 | 0.71 | 1.09 | 1.56 |
| Avg | -0.04 | 0.18 | 0.40 | 1.06 | 1.52 |
| Low | -0.07 | 0.10 | 0.23 | 1.02 | 1.46 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 302.9% | 172.6% | 47.5% |
| Avg | - | - | 126.1% | 164.8% | 43.3% |
| Low | - | - | 27.8% | 154.4% | 37.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.