
Fastly (FSLY) Stock Forecast & Price Target
Fastly (FSLY) Analyst Ratings
Bulls say
Fastly displayed robust financial performance, reporting a 16% year-over-year revenue growth from non-top 10 customers, alongside a sequential increase of 20 enterprise customers, defined as those with over $100K run-rate revenue. The company also demonstrated strong momentum in packaged sales, with Q4 sales growing over 60% year-over-year and an anticipated 150% growth in 2024, indicating a successful shift toward higher-value offerings. Under new leadership, Fastly has reaccelerated organic growth into the high teens, improved margins, and enhanced its competitive positioning in security services, which now account for a significant portion of its business.
Bears say
Fastly's stock outlook is negatively affected by increased spending on sales and marketing and the expansion of international network capacity, which are projected to lower margins and generate another cash-burn year in 2025. The company reported profitability guidance for 2025 that fell below consensus expectations, leading to a significant decline in share price after-hours, and concerns about customer concentration, particularly with TikTok, could introduce volatility in revenue. Furthermore, Fastly's low score on recession metrics highlights its vulnerability in an economic downturn, compounded by its lack of profitability and high start-up exposure, potentially hindering its ability to capitalize on security opportunities and diversify its business.
This aggregate rating is based on analysts' research of Fastly and is not a guaranteed prediction by Public.com or investment advice.
Fastly (FSLY) Analyst Forecast & Price Prediction
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