Fastly's stock surged 15% after Oppenheimer upgraded it to Outperform with a $35 target, highlighting its strong position in AI-related network traffic. The upgrade is based on early signs of growing deal sizes and new security products launched in September, which have yet to significantly impact revenue. Fastly's traffic-based billing benefits directly from AI agent traffic, setting it apart from peers like Cloudflare and Datadog. Investors should watch for revenue contributions from these new products to confirm growth potential.
Fastly shares jumped 14.08% to USD 28.85 on Pluang, closely matching the article's 15% rise. Datadog and Cloudflare also gained, up 4.18% and 3.51% respectively. These moves reflect active trading in AI-related tech stocks as of Oct 09, 2026 23:02 WIB.
