A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result.
Tal Liani, BofA Securities analyst, boosted his rating on Fastly stock (ticker:
FSLY
) from Underperform to Buy on Monday and raised his price target to $16 from $10.50, implying a 62% gain from Friday’s close of $9.87. Shares were up more than 26% to $12.46 after markets opened on Monday.
Source: https://www.barrons.com/articles/fastly-stock-price-upgrade-earnings-news-24f9de0?siteid=yhoof2&yptr=yahoo
Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.
A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result.
Tal Liani, BofA Securities analyst, boosted his rating on Fastly stock (ticker:
FSLY
) from Underperform to Buy on Monday and raised his price target to $16 from $10.50, implying a 62% gain from Friday’s close of $9.87. Shares were up more than 26% to $12.46 after markets opened on Monday.
Source: https://www.barrons.com/articles/fastly-stock-price-upgrade-earnings-news-24f9de0?siteid=yhoof2&yptr=yahoo