No products in the cart.

Fastly Reiterated With Overweight Rating at Piper Sandler

Piper Sandler analysts maintained their Overweight rating and a $16 price target for Fastly (NYSE:FSLY). According to the analysts, both Akamai and Fastly, being major Media Content Delivery Networks, have traffic volumes closely tied to trends in Streaming/OTT, Gaming, and Ecommerce sectors.
Notably, gaming time has returned to levels seen during the COVID-19 pandemic, though year-over-year download rates—a key driver of CDN traffic—have seen a decline. On a positive note, Streaming and Ecommerce trends are showing signs of stability compared to previous assessments. Furthermore, the ongoing shift away from traditional cable (cord-cutting) is seen as a long-term positive for the industry. Importantly, streaming services that rely on third-party CDNs like Akamai and Fastly have seen an increase in usage share.

Subscribe to get Latest News

Latest Articles

More like this