Valuation Is My Sticking Point With Fastly Stock

By Parkev Tatevosian, CFA – Mar 16, 2024 at 5:26AM

NYSE: FSLY

Fastly

Market Cap

$2B

Today's Change

(2.21%) $0.28

Current Price

$12.93

Price as of May 1, 2024, 4:00 p.m. ET

Despite Fastly stock being down significantly off its high, the valuation is expensive according to one critical metric.

Fool.com contributor Parkev Tatevosian elaborates on why Fastly's (FSLY 2.21%) valuation is preventing a buy recommendation.

*Stock prices used were the afternoon prices of March 13, 2024. The video was published on March 15, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fastly. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.