Why Fastly Stock Popped Today
Shares of Fastly (NYSE: FSLY) rose 8.3% on Monday, after an analyst at (NYSE: C) upgraded shares of the leading cloud-computing services stock.
In a note to clients Monday, Citi analyst Fatima Boolani upgraded its rating on Fastly to neutral from sell and significantly raised the firm's per-share price target on the stock to $20 from $11. Fastly closed the day at $20.32 per share.
To justify her relative bullishness, Boolani pointed to Fastly's improved "track record of credibility-rehabilitation under new-ish CEO [Todd] Nightingale, whose product vision and crisper portfolio/packaging strategy should sustained balanced execution."
Source Fool.com
Citigroup Inc. Stock
€114.78
3.600%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
On the other hand, the target price of 114 € is below the current price of 114.78 € for Citigroup Inc., so the potential is actually -0.68%.
