Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Fastly Stock Fell Today

TheMotleyFool

0 0

Shares of content delivery network (CDN) Fastly (NYSE: FSLY) fell on Monday morning after receiving an analyst downgrade. It didn't help that the market was down sharply as well, providing further downward pressure. As of 11:20 a.m. ET, Fastly stock was down 14%.

According to The Fly, Morgan Stanley analyst Sanjit Singh recommends selling Fastly stock and has lowered its price target for the stock from $18 per share to $12 per share.

According to TipRanks, Singh began covering Fastly stock at the beginning of the year. When they initiated coverage in January, they gave it a price target of $43 per share, according to The Fly. But as Fastly stock has fallen, so too have the price targets.

Source Fool.com

Like: 0

FSLY

Share