Piper Sandler Cuts Fastly Price Target as Core Delivery Slowdown Crushes the Q1 Print

Piper Sandler lowered its price target on Fastly to $27 from $30 while keeping a Neutral rating after the company’s Q1 FY2026 results came in more in-line with expectations. The move signals slightly tempered optimism rather than a major change in outlook, with the article focused on analyst reassessment rather than a new operational surprise.

Analysis

Piper Sandler lowered its price target on Fastly to $27 from $30 while keeping a Neutral rating after the company’s Q1 FY2026 results came in more in-line with expectations. The move signals slightly tempered optimism rather than a major change in outlook, with the article focused on analyst reassessment rather than a new operational surprise.