Fastly and Butterfly Network stocks see gains

Fastly shares rose significantly on Friday, October 9, following an analyst upgrade from Oppenheimer. Analyst Param Singh raised the rating from 'Neutral' to 'Outperform' with a price target of $35 per share. The upgrade was driven by rising contract values and interest in the company's AI agents and security tools, which are considered high-margin offerings. Fastly's PEG ratio was noted at 0.46, indicating a potential value relative to earnings growth expectations.

Separately, Butterfly Network shares saw a 6.6% increase during Friday trading. The company maintains a consensus rating of 'Moderate Buy' among analysts, with various price targets ranging from $8.54 to $15.00. Despite recent earnings reporting a loss per share, the results exceeded consensus estimates.