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Fastly stock price edged higher to $9
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Fastly stock price edged higher to $9.15 alongside upbeat Nasdaq performance. Analysts continue to highlight its edge network optimization tools as a key differentiator in the competitive CDN sector. Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare and Fastly. The Motley Fool has a disclosure policy . The stock is currently trading at US$8.55 on the share market, which means it is overvalued by 21% compared to our intrinsic value of $7.08. This means that the opportunity to buy Fastly at a good price has disappeared! If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Fastly’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Fastly stock price is currently at $8.97 in after-hours trading. Chart watchers note that breaching $9.20 in coming days could trigger follow-through buying from trend-following algorithms.