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Barchart
Barchart
Ruchi Gupta

Analyst Slashes Fastly Stock Forecast By 55%, Here's Why

Fastly Inc. (FSLY) is a San Francisco-based cloud computing service provider that helps businesses provide quick, scalable, and secure online experiences with its suite of products and services. It operates as an edge platform, providing content delivery services with built-in security and encryption to customers in the media and entertainment, digital publishing, travel and hospitality, and technology industries. Formerly known as SkyCache, it changed its name in May 2012, and is valued at $1.19 billion by market cap. 

Fastly stock has plunged more than 52% so far this year. Notably, the stock crashed twice in 2024 after reporting its quarterly earnings - once back in mid-February, and then again last week.

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