Fastly Stock Is Surging Friday: What's Driving The Action?

Group 1 - Fastly's revenue increased by 23% year-over-year, with security revenue growing by 32% due to AI traffic solutions [2] - The company projects 2026 revenue to be between $700 million and $720 million, exceeding Wall Street's prior estimates [2] - Fastly's stock is currently trading 74.8% above its 20-day simple moving average (SMA) and 96.4% above its 100-day SMA, indicating strong momentum [3] Group 2 - Fastly shares have surged 154.55% over the past 12 months, nearing their 52-week highs [3] - The Relative Strength Index (RSI) is at 77.17, indicating overbought conditions, while the MACD shows bullish momentum [4] - Analyst consensus gives Fastly a Hold rating with an average price target of $12.40, with recent target increases from various analysts [5]