FSLY Overview

Analyst Upgrades: Keybanc analyst Jackson Ader upgraded Fastly, Inc. from Sector Weight to Overweight with a price target of $14, and Akamai Technologies, Inc. from Underweight to Overweight with a price target raised from $66 to $115.

Growth Drivers: Ader believes both companies are well-positioned for growth in security and compute offerings, with Akamai expected to benefit from rising demand for edge compute and improved CDN pricing.

Fastly's Recovery: Fastly is projected to see a revenue growth of 12.6%, a significant rebound from previous challenges, driven by an expanded security product line and a new executive team focused on growth.

Market Performance: Fastly's stock is performing well, and Akamai is anticipated to accelerate revenue growth in 2026, supported by the launch of its AI Inference Cloud platform and strong growth in Cloud Infrastructure Services.

Wall Street Upgrades: Multiple companies received upgrades from analysts, including Fastenal, Dollar General, and KLA Corp, with expectations of strong performance driven by strategic initiatives and market positioning.

New Initiations: Firms like Macquarie and UBS initiated coverage on companies such as Pony AI and Waystar, highlighting their growth potential in emerging markets and technology sectors.

Downgrades and Concerns: Some companies faced downgrades, including Adobe and Texas Instruments, due to concerns over growth and execution challenges, indicating a cautious outlook from analysts.

Sector Highlights: Analysts expressed optimism for sectors like life sciences and technology, with firms like Bank of America and Evercore ISI identifying key players like Thermo Fisher and Apple as top picks for future growth.