Fastly, Inc. (FSLY)
NYSE: FSLY · IEX Real-Time Price · USD
8.89
+0.09 (1.02%)
At close: May 16, 2024, 4:00 PM
8.92
+0.03 (0.34%)
After-hours: May 16, 2024, 7:59 PM EDT
Fastly Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Fastly stock have an average target of 14.61, with a low estimate of 8.00 and a high estimate of 25. The average target predicts an increase of 64.34% from the current stock price of 8.89.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Fastly stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Hold | 5 | 7 | 8 | 6 | 5 | 6 |
| Sell | 1 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $15 → $10 | Hold | Maintains | $15 → $10 | +12.49% | May 9, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $18 → $9 | Hold | Maintains | $18 → $9 | +1.24% | May 2, 2024 |
| DA Davidson | DA Davidson | Strong Buy → Hold Downgrades $24 → $8.5 | Strong Buy → Hold | Downgrades | $24 → $8.5 | -4.39% | May 2, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Sell Downgrades $18 → $8 | Strong Buy → Sell | Downgrades | $18 → $8 | -10.01% | May 2, 2024 |
| Citigroup | Citigroup | Hold Maintains $20 → $15 | Hold | Maintains | $20 → $15 | +68.73% | Apr 25, 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 | 951.4M | 1.1B |
| Avg | 596.5M | 690.3M | 799.5M | 924.2M | 1.1B |
| Low | 569.3M | 647.2M | 723.7M | 888.0M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.1% | 24.8% | 33.4% | 19.0% | 19.3% |
| Avg | 17.9% | 15.7% | 15.8% | 15.6% | 15.9% |
| Low | 12.5% | 8.5% | 4.8% | 11.1% | 11.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.01 | 0.35 | 0.71 | 1.07 | 1.48 |
| Avg | -0.04 | 0.18 | 0.40 | 1.04 | 1.44 |
| Low | -0.07 | 0.10 | 0.23 | 1.00 | 1.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 302.9% | 167.3% | 42.3% |
| Avg | - | - | 126.1% | 159.7% | 38.2% |
| Low | - | - | 27.8% | 149.5% | 32.8% |
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.