On September 23, Fastly, Inc. rose 8.65% in regular trading, trading at 28.44 USD/share, with turnover of approximately $245 million. The rally was driven by the company's Investor Day, where management unveiled 2029 revenue targets of $1.1 billion to $1.3 billion, reinforcing a strategic shift from a CDN-focused business to a broader multi-product edge-cloud platform.

RBC Capital noted that AI traffic is growing 6.5 times faster than human traffic, and Fastly's new offerings targeting AI agent management and model costs represent a platform-wide tailwind, though monetization remains at an early stage. RBC maintained its Sector Perform rating with a $25 price target. BofA Securities highlighted improving platform adoption, citing three consecutive quarters of 20%-plus revenue growth, 117% last-twelve-month net retention, and 72% of large customers using at least two product suites, while raising its price target to $22 from $20 but maintaining an Underperform rating.

Additionally, Fastly recently launched AI Runtime Control, AI Firewall, and new API Security capabilities, further expanding its Fastly for AI portfolio. The broader AI application software sector also strengthened, collectively lifting market sentiment.

(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.)