On August 10, Fastly, Inc. rose 8.01% in regular trading, trading at $25.125/share, with turnover of approximately $25.94 million.

On the news front, the rebound follows a prior post-earnings sell-off of over 10% triggered by profit-taking after the company reported blowout Q2 results on August 5. Fastly posted adjusted EPS of $0.15, more than doubling the consensus estimate of $0.07, representing a 600% improvement from a year-ago loss of $(0.03). Revenue came in at $183.3 million, surpassing the $173.9 million estimate, reflecting approximately 20% year-over-year growth.

Adding to the bullish momentum, RBC Capital raised its price target on Fastly from $18 to $25 while maintaining its Sector Perform rating. The current Wall Street average target stands at $26.50. The combination of strong fundamental validation and upward target revisions has catalyzed a technical recovery from the prior dip, with the stock now trading near analyst consensus levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)