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Wajeeh Khan

Oppenheimer Just Upgraded Fastly Stock. Here's Why.

Oppenheimer Fastly FSLY Artificial Intelligence

Fastly (FSLY) shares pushed sharply higher on Oct. 9 after Oppenheimer turned bullish on the company’s security business and emerging artificial intelligence (AI) opportunity. Analyst Param Singh upgraded FSLY this morning to “Outperform” and announced a $35 price target, indicating potential upside of about 40% on its previous close.

The bullish call is significant, given that Fastly stock is already trading at nearly 3x its price at the start of this year.

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