Shares of Fastly (NYSE: FSLY) rose today after an analyst at Piper Sandler reiterated a neutral rating for the company's stock, but said that the company's recent acquisition could also help increase revenue.
Fastly's share price rose by as much as 7.9% during morning trading but was up just 4.3% as of 11:43 a.m. EDT.
Piper Sandler analyst James Fish told investors that Fastly's stock still has a price target of $88 per share, but mentioned that he expects the company's full-year sales to be higher than he previously estimated, because of the company's purchase of Signal Sciences.
Source Fool.com