Why Fastly Stock Jumped 7.3% Thursday Morning

Anders Bylund, The Motley Fool
·1-min read
Why Fastly Stock Jumped 7.3% Thursday Morning

Shares of Fastly (NYSE: FSLY) jumped by as much as 7.3% on Thursday morning, goosed by a bullish analyst report. Oppenheimer analyst Tim Horan upgraded Fastly from perform to outperform early Thursday, indicating that he expects the content delivery network operator to beat the market over the next year or so. Horan set his target price for the stock to $125 per share, 28% above Fastly's closing price on Wednesday.