RBC Capital Markets Adjusts Fastly Price Target
Following Fastly's third-quarter earnings report, RBC Capital Markets lowered its price target on the company's stock from $25 to $19 while maintaining a 'Sector Perform' rating.
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Following Fastly's third-quarter earnings report, RBC Capital Markets lowered its price target on the company's stock from $25 to $19 while maintaining a 'Sector Perform' rating.
Fastly reported third-quarter 2026 revenue of $190.2 million and raised its full-year 2026 financial guidance following strong performance in customer adoption and security product growth.
Fastly, Inc. provided its financial outlook for the fourth quarter of 2026, projecting revenue between $198.0 million and $202.0 million.
Fastly, Inc. reported third-quarter 2026 revenue of $190.2 million, exceeding the FactSet consensus estimate of $187.8 million.