Craig-Hallum analyst Jeff Van Rhee raised the firm’s price target on Fastly to $20 from $17 and keeps a Buy rating on the shares. The firm highlights the compelling target model coming out of yesterday’s analyst day, with a 2023-2026 revenue CAGR of 19% vs. the Street at a 13% CAGR, and sees margin compression as having troughed in 2022.
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Published first on TheFly
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Read More on FSLY:
- Fastly price target raised to $11 from $9 at RBC Capital
- Fastly price target raised to $16 from $14 at Credit Suisse
- Fastly targets 2026 revenue of $800M-$900M
- Fastly to hold investor day
- Fastly sees 2023 EPS (27c)-(21c), consensus (26c)
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