DA Davidson Reiterates Neutral Rating on Fastly Inc. (FSLY), Says Muse Not a Catalyst for NT Growth

DA Davidson analyst Rudy Kessinger reiterated a Neutral rating and $23.00 price target on Fastly Inc. (NASDAQ: FSLY).

The analyst commented, "Will Muse & other AI Agents drive incremental traffic to FSLY? Sure, but so would one additional visitor to the NYT homepage per day. The right question to be asking is will Muse & other AI Agents drive enough incremental traffic to FSLY to move the needle on revenue growth, and if so when? We believe the answer to that is almost certainly no, at least near-term. To be clear, we do believe FSLY will continue to benefit from increased demand for newer security products such as Bot Management, but the idea Muse will be a significant near-term catalyst is not based in the reality of how FSLY makes money, which is on bytes in CDN (73% of Q2 Rev)."

For an analyst ratings summary and ratings history on Fastly Inc. click here. For more ratings news on Fastly Inc. click here.

Shares of Fastly Inc. closed at $29.65 yesterday.

You May Also Be Interested In

• Abbott Labs (ABT) PT Lowered to $125 at BTIG
• Evercore ISI Reiterates Outperform Rating on IBM (IBM)
• Santacruz Silver posts Q3 2026 output of 1.5M silver ounces