Why Fastly Stock Jumped 7.3% Thursday Morning
Shares of Fastly (NYSE: FSLY) jumped by as much as 7.3% on Thursday morning, goosed by a bullish analyst report.
Oppenheimer analyst Tim Horan upgraded Fastly from perform to outperform early Thursday, indicating that he expects the content delivery network operator to beat the market over the next year or so. Horan set his target price for the stock to $125 per share, 28% above Fastly's closing price on Wednesday.
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Source Fool.com
