10 Best Edge Computing Stocks to Buy Right Now

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6. Fastly, Inc. (NASDAQ:FSLY)

On April 14, 2026, Evercore ISI initiated coverage of Fastly, Inc. (NASDAQ:FSLY) with an Outperform rating and a $32 price target. The firm said the company’s narrative has shifted in 2026 from slowing, delivery-driven growth and profitability concerns to “higher-quality growth supported by stronger execution and a structural platform shift,” and views Fastly as positioned to become embedded infrastructure for AI-native applications.

On April 9, 2026, Fastly and LALIGA announced a collaboration to develop technical solutions to address illegal streaming of live sports, particularly LALIGA matches. With piracy estimated to cost clubs between $700M and $800M annually, the companies are working on a joint initiative aimed at helping platforms combat piracy while supporting rights holders in protecting the economic value of their content.

Earlier in the month, Piper Sandler raised its price target on Fastly, Inc. (NASDAQ:FSLY) to $30 from $14 and maintained a Neutral rating, saying it became incrementally more positive after reviewing the company’s positioning, though not enough to shift its overall stance as valuation already reflects expected progress.

Fastly, Inc. (NASDAQ:FSLY) operates an edge cloud platform for processing, delivering, and securing applications globally.

While we acknowledge the potential of FSLY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FSLY and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Edge Computing Stocks to Buy Right Now.

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