Craig-Hallum Downgrades Fastly to Hold, Leading to Stock Decline
Craig-Hallum downgraded Fastly (FSLY) to Hold from Buy, increasing the price target to $24 from $15. The downgrade led to a 6% drop in Fastly's stock price on Tuesday. The analyst firm cited the need for better risk-reward dynamics as AI's impact becomes more apparent.
Tickers: $FSLY
Topics: AI impact analyst rating Fastly price target stock analysis