RBC Capital analyst Rishi Jaluria lowered the firm's price target on Fastly to $18 from $20 and keeps a Sector Perform rating on the shares. The company's Q1 was solid and the firm is encouraged by accelerating security growth and continued profitability improvements, though with that said, the firm continues to look for signs of further stabilization in Network Services before becoming more constructive, the analyst tells investors in a research note.
