Fastly stock falls 4.89 percent after investor day

Published on 09/23/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fastly stock closed at USD 26.08 on September 22, 2026, after a 4.89 percent decline. Q2 revenue rose 23 percent to USD 183.3 million.

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Fastly, Inc. (ISIN US3118801041) closed at USD 26.08 on Nasdaq on September 22, 2026, down USD 1.34 or 4.89 percent from the prior close. The move followed an investor day that set out 2029 financial goals while leaving the 2026 outlook unchanged.

Investor day sets 2029 targets

As Yahoo Finance reported on September 22, 2026, Fastly is targeting revenue of USD 1.1 billion to USD 1.3 billion by fiscal year 2029. The plan implies annual growth of 14 percent to 21 percent from 2026, with gross margins targeted at 67 percent to 71 percent and operating margins at 20 percent to 22 percent.

The company also targets a free cash flow margin of 12 percent to 15 percent in fiscal year 2029, compared with current fiscal 2026 free cash flow guidance of USD 40 million to USD 50 million. That comparison makes execution the central issue: the long-term plan requires both sustained revenue expansion and a substantial improvement in operating leverage.

Quarterly growth beat estimates

Fastly's second-quarter 2026 revenue was USD 183.3 million, up 23 percent year over year, according to Investing.com on September 23, 2026. Adjusted earnings reached USD 0.15 per share, above the USD 0.07 consensus estimate, while revenue exceeded the USD 173.93 million estimate by USD 9.37 million.

Fastly expects third-quarter 2026 revenue of USD 184.0 million to USD 190.0 million and adjusted earnings of USD 0.11 to USD 0.13 per share, based on the company update reported by MarketScreener on September 23, 2026. The upper end of that range is USD 6.7 million above second-quarter revenue, although it represents a smaller sequential increase than the latest year-over-year growth rate.

Analysts keep targets divided

Raymond James reiterated an Outperform rating and a USD 29.00 price target after the analyst day, while the firm had previously raised its target from USD 23.00, according to Investing.com on September 23, 2026. Evercore ISI maintained an Outperform rating with a USD 32.00 target, while KeyBanc retained Overweight with a USD 30.00 target.

MarketScreener listed an average target of USD 27.44 from 11 analysts, with a high target of USD 32.00 and a low target of USD 20.00 on September 23, 2026. The closing price of USD 26.08 therefore stood USD 1.36 below the average target, but the range also shows that analyst expectations remain materially dispersed.

Fastly stock remains volatile

Fastly stock traded within a 52-week range of USD 7.74 to USD 34.82 and recorded volume of 14.56 million shares on September 22, 2026. Market capitalization was USD 4.15 billion at that date. The close was 25.00 percent below the 52-week high, while the one-year gain cited by Investing.com was 205 percent.