This earnings season, Wall Street has been hammering companies that issue weaker-than-expected guidance. The latest victim of this trend is Fastly (NYSE:FSLY). Today, FSLY stock has absolutely imploded, down more than 32% at the time of writing. This comes following relatively conservative guidance given during its earnings release.
Interestingly, Fastly’s numbers weren’t all that bad. The company reported revenue growth of 13%. This exceeded analyst expectations, and the company said it ended 2021 in a good spot.
However, Fastly also provided forward guidance for the first quarter between $97 million and $100 million. For the full year, the company expects revenue between $400 million and $410 million. Wall Street is expecting 2022 revenue of $419 million.
Now, investors are worried that growth at Fastly is slowing down… fast.
With this in mind, let’s take a look at some of the analyst opinions on this stock.
What Do Analysts Think of FSLY Stock?
For reference, FSLY stock currently trades at $19.50 per share.
- Piper Sandler analyst James Fish recently reiterated a “neutral” rating and a $23 price target, citing a cautious outlook for the company’s growth.
- Jim Breen of William Blair also put forward a “hold” rating yesterday, citing a similar outlook.
- Frank Louthan of Raymond James remains a bull on Fastly, reiterating a “buy” rating and a $42 price target yesterday.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
