Why Fastly Stock Popped, Then Dropped on Friday

·2-min read
Why Fastly Stock Popped, Then Dropped on Friday

Shares of Fastly (NYSE: FSLY) jumped out of the gate Friday, climbing as much as 8.7% before the broader market decline dragged it back down. The catalyst that initially sent the edge platform provider higher was an upgrade courtesy of a Wall Street analyst. Raymond James analyst Frank Louthan upgraded Fastly stock to outperform (buy) from market perform (hold) and assigned a price target of $42.

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