Analysts at Oppenheimer started coverage on shares of Fastly (NYSE:FSLY) in a note issued to investors on Tuesday, The Fly reports. The brokerage set an “outperform” rating and a $27.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 31.00% from the company’s previous close.

Several other brokerages also recently issued reports on FSLY. Credit Suisse Group started coverage on Fastly in a research report on Tuesday. They set an “outperform” rating and a $25.00 price objective for the company. William Blair started coverage on Fastly in a research report on Tuesday. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on Fastly in a research report on Tuesday. They set a “buy” rating and a $25.00 price objective for the company. Bank of America started coverage on Fastly in a research report on Tuesday. They set a “buy” rating and a $26.00 price objective for the company. Finally, DA Davidson began coverage on Fastly in a research report on Tuesday. They set a “buy” rating and a $26.50 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Fastly presently has an average rating of “Buy” and a consensus price target of $25.60.

Shares of Fastly stock opened at $20.61 on Tuesday. Fastly has a 1 year low of $19.33 and a 1 year high of $25.67.

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The Fly

Analyst Recommendations for Fastly (NYSE:FSLY)

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