Oppenheimer upgrades Fastly to Outperform with $35 price target
+4 new sources since this summary was written
Oppenheimer raised Fastly Inc. from Market Perform to Outperform on October 9, 2026, citing expected growth from AI‑related traffic and higher contract values. The research firm set a new target price of $35 while the stock was trading around $25.29 in pre‑market. Insider activity shows a recent sale of shares worth $918,830 and cumulative insider selling of $88.8 million over the past year.
Why it matters
The $35 target implies roughly a 38% upside from the $25.29 pre‑market price, which could attract buying pressure (Oppenheimer note). Insider selling may signal mixed confidence among insiders.
Key facts
- 1Oppenheimer upgraded Fastly from Market Perform to Outperform on October 9, 2026. gurufocus.com
- 2The upgrade includes a target price of $35. gurufocus.com
- 3Fastly was trading at $25.29 in pre‑market on October 9, 2026. marketscreener.com
- 4Insiders sold shares worth $918,830 according to a recent SEC filing. marketscreener.com
- 5Total insider selling over the past 12 months amounted to $88.8 million. gurufocus.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.