Fastly is trading at $25.31 (-5.13%) as profit-taking continues after its September 22 Investor Day.
- Selling followed the event and Fastly’s sharp September 23 rally; management outlined ambitious 2029 revenue targets of $1.1 billion-$1.3 billion.
- Investors remain skeptical about near-term AI monetization and profitability. The September 25 decline came despite modestly positive major indexes, suggesting company-specific selling.
- No new major September 25 announcement or confirmed overnight catalyst was identified.