🟢 Fastly is trading 6.5% up today after Oppenheimer upgraded shares to Outperform

Fastly is trading at $26.95, up 6.54%, after Oppenheimer upgraded shares to Outperform.

• Oppenheimer set a $35 price target and explicitly linked its report to a 6.5% premarket rise.
• The analyst cited industry checks pointing to rising contract values and early monetization of AI-related traffic as support for stronger growth prospects.
• Fastly’s September Investor Day outlook adds context; the analyst upgrade was the reported immediate catalyst for October 9.