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Fastly Stock Jumps 15% After Analyst Upgrade

Fastly Investor Relations2 min read6 sources

Why is Fastly stock up today?

Fastly (FSLY) stock rose about 15% to $29.05 on Friday after Oppenheimer upgraded it to Outperform, citing bigger security deals and early money from AI-agent traffic.

Key numbers

Share price (midday)$29.05+14.85% from $25.29 close
Premarket move~7%Gain roughly doubled by midday
Oppenheimer target$35~20% above midday price
Q2 2026 revenue$183.3M+23% YoY
Q3 2026 revenue guidance$184–190MOppenheimer expects high end
Year to date+185%per [4]

What happened

Fastly (FSLY) stock rose about 15% to $29.05 on Friday after Oppenheimer upgraded it to Outperform, citing bigger security deals and early money from AI-agent traffic. Oppenheimer analyst Param Singh raised the rating from Perform (neutral) to Outperform and set a $35 price target. His checks show customers are signing bigger deals as they add Fastly's new security tools, and AI agents (software that acts online on its own) are starting to bring in revenue. Shares were up about 7% before trading opened, and the gain more than doubled by midday.

Why it matters

Fastly helps websites load fast and fends off attacks, and the upgrade suggests AI agents (programs that browse and act online by themselves) may become a new source of income for it. Oppenheimer expects sales growth in the high teens to low 20s percent a year for the next few years. Even so, the stock is already up about 185% this year, so a lot of good news may already be priced in (per).

Who this affects

Marketbullish
Low impact
Investors in AI-linked tech stocks see a positive signal.
Companybullish
Medium impact
Shareholders gain as shares jump about 15% on the upgrade.
Competitorsneutral
Low impact
Cloudflare and Akamai also traded up about 3%.
Industrybullish
Low impact
Web-delivery firms may earn more from AI-agent traffic.

Fastly vs Cloudflare, Akamai

FastlyFSLY$4.6B+14.9%+185%45x
CloudflareNET$125.6B+3.2%+60.4%—
AkamaiAKAM$15.0B+3.1%+35.6%—

As of 2026-10-09

How we got here

  1. Fastly reports record Q2 revenue of $183.3M, up 23% from a year earlier.

  2. Fastly's AI Runtime, AI Firewall and API Enforcement security tools reach general availability in September.

  3. Oppenheimer upgrades Fastly to Outperform with a $35 target; shares jump about 15%.

What to watch

  • Q3 results: Oppenheimer expects revenue at the high end of $184–190M and a raised full-year outlook.Q4 2026
  • Whether new security tools and AI-agent traffic show up as faster revenue growth.Q4 2026

Educational content only. Not investment advice.

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