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Fastly stock climbed nearly 5% in premarket trading

Tiger Newspress2021-12-03

Fastly stock climbed nearly 5% in premarket trading after Raymond James upgraded the company.

Raymond James analyst Frank Louthan upgraded Fastly Inc to Outperform from Market Perform with a $42 price target, implying 15.2% upside.

  • Louthan says that the shares are about two points off the 52-week low and 20% below the 50-day moving average, with a recent uptick in short interest.
  • However, Raymond James' propriety tracking tool suggests another sequential uptick in traffic and that Fastly should beat the high end of its revenue outlook, Louthan adds.
  • This is a "recipe for near-term share price appreciation," says the analyst.
  • Fastly operates a content delivery network (CDN), which enables entities to provide faster and more reliable online content.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论15

  • wallence82
    ·2021-12-09
    Time to add more position
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  • Deonc
    ·2021-12-05
    Good sharing. Please like and comment. Thanks
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    • Bobbinpins
      Cool
      2021-12-09
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    • 海迷
      yeet
      2021-12-05
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  • AlanYeoJP
    ·2021-12-05
    nice
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  • Ricky99
    ·2021-12-03
    Like
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    • AlanYeoJP
      ok
      2021-12-05
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    • MIe
      Fastly UpsIde
      2021-12-04
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  • Excelsheet
    ·2021-12-03
    Like
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  • WalkerWoon
    ·2021-12-03
    Like me pls 
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  • LGC1956
    ·2021-12-03
    Ok
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    收起
    • LGC1956
      ok
      2021-12-03
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  • JianWei666
    ·2021-12-03
    Qq
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  • nctony
    ·2021-12-03
    To me is a short term buy[得意] 
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  • skyel
    ·2021-12-03
    Great news.... Keep the momentum 
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    • GANCL
      Yes
      2021-12-05
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    • hpt
      Ok
      2021-12-03
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  • Derrick0359
    ·2021-12-03
    Pls comment
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  • sockbuster
    ·2021-12-03
    Pls like
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    收起
  • xinda
    ·2021-12-03
    Hwoa
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  • Ckee
    ·2021-12-03
     Okay 
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    • xinda
      Sure
      2021-12-03
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    • Ckee
      Hiii
      2021-12-03
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  • zion1
    ·2021-12-03
    Should not see too much of these analyst write ups as some are misleading.  They are trying to make up the rumour and stir the stock prices and make small investors buy at high.
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