Analysts Maintain Cautious Stance on Fastly (FSLY)

Fastly Inc. (NASDAQ:FSLY) is one of the Best Tech Stocks Under $10 to Buy . On January 5, analysts at Piper Sandler increased their price target on Fastly Inc. (NASDAQ:FSLY) to $11 from $10, while maintaining its Neutral rating on the stock. Following this analyst report, Fastly Inc. (NASDAQ:FSLY) saw its stock price increase by 4.57%, from $10.07 on January 6 to $10.53 on January 7, before a sharp two-day fall that culminated in an 11.59% decrease to $9.31 on January 9.

On January 13, RBC Capital analyst Rishi Jaluria reaffirmed his Hold rating on the company and maintained his $10 price target. Meanwhile, on January 16, Citi upheld its Neutral rating on Fastly Inc. (NASDAQ:FSLY), but analyst Fatima Boolani lowered the stock’s price target to $10 from $12 amid the company’s adjusted outlook targets for this year, particularly in its infrastructure software division.

As a provider of real-time content delivery network services, Fastly Inc. (NASDAQ:FSLY) offers load balancing and image optimization, video on demand, and managed edge delivery.

While we acknowledge the potential of FSLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.