Morgan Stanley has revised its price target for Fastly (FSLY, Financial), reducing it from $8 to $7 while maintaining an Equal Weight rating. This decision is part of a broader adjustment affecting numerous software firms as the financial institution reassesses risk and reward scenarios.
The move comes in response to heightened uncertainty surrounding tariff risks and how these factors are currently reflected in stock prices. By revisiting these valuations, Morgan Stanley aims to better account for potential market fluctuations impacting Fastly and similar companies within the industry.
