Fastly price target raised to $8 from $7 at Baird

Baird analyst William Power raised the firm’s price target on Fastly (FSLY) to $8 from $7 and keeps a Neutral rating on the shares. The firm said they reported solid Q3 results, including upside to revenue and profitability. Q4 revenue guidance was in line, though no longer assumes a seasonal lift due to pressures, and the company raised full-year guidance to reflect the Q3 upside, though lowered full-year free cash flow guidance.