FSLY
Evercore joins the Fastly fan club
Fastly got a fresh boost on Tuesday when Evercore upgraded the stock to strong-buy. That’s the kind of note that can give a name some extra bounce, especially when a stock has been living in analyst-take whiplash land.
But the Street still isn’t singing in harmony
The funny part? The broader consensus is still just Hold, with MarketBeat showing a $16.25 price target even though Fastly was trading around $20.95. So you’ve got one camp saying “nice, run with it,” while the average analyst is basically shrugging and saying, “let’s not get carried away.”
The insider-selling subplot
There’s also a less glamorous piece of the story: insiders reportedly sold about 1.48 million shares worth roughly $28.75 million over the last three months. CEO Charles Lacey Compton III also sold 73,206 shares on March 4, trimming his stake by about 7.71%. That doesn’t automatically scream doom, but investors do tend to notice when the people inside the building are heading for the exit more than the gift shop.
Big picture
For Fastly, this is less about one analyst’s cheer and more about the ongoing tug-of-war between improving sentiment and lingering skepticism. If you own the stock, the next question is whether the business can turn the hype into numbers — because on Wall Street, compliments are nice, but revenue growth is nicer.