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. 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.
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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., 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. offers load balancing and image optimization, video on demand, and managed edge delivery.
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This article is originally published at Insider Monkey.
