Fastly Stock Has 43% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Yahoo! Finance
With the stock trading below $13 today, this price target represents an upside of about 43% over the next 12 months or so. It's important to note that Liani's optimism has faded a bit. The analyst previously had a $28 price target on the stock. Fastly is making significant progress but seeing sluggish growth The BofA analyst pointed to the progress that Fastly has made over the past year as the reason for the maintained buy rating and a price target that's well above the current stock price. The company grew revenue by 17% in 2023, improved its gross margin, and reduced its net losses considerably. One big problem is that Fastly is growing more slowly than both the edge computing market as a whole and its competitor Cloudflare (NYSE: NET) . As Cloudflare innovates at a rapid pace, layering new products on top of its network, Fastly is at risk of being left behind. Liani recognizes that Fastly faces some headwinds and that the company's recovery may be lumpy. The analyst lowe
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News
- Cloudflare (NET) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- 3 Top Cybersecurity Stocks to Buy in April [Yahoo! Finance]Yahoo! Finance
- Cloudflare (NET) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Cloudflare retains Outperform rating ahead of earnings report: Baird [Seeking Alpha]Seeking Alpha
- Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs [Yahoo! Finance]Yahoo! Finance
NET
Earnings
- 2/8/24 - Beat
NET
Sec Filings
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form ARS
- NET's page on the SEC website