Jim Cramer on Fastly (FSLY): “I Think It’s a Buy”

Cramer Calls Fastly a Buy While Analysts Clash

Jim Cramer called Fastly (NASDAQ: FSLY) a buy during his latest Mad Money lightning round, adding fuel to a stock that has already gained 282% over the past year. The call came days after the stock dropped 14% in a single session when two analyst firms issued contradicting reports.

Craig-Hallum downgraded Fastly from buy to hold, setting a $24 price target that roughly matched the trading price. Analyst Jeff Van Rhee pointed to soaring hardware costs and limited upside after the stock's massive run from September 2025. On the same day, Evercore initiated coverage at outperform with a $32 target, arguing that demand for edge computing and content delivery far outweighs the current valuation concerns.

Edge Computing and Security Drive the Bull Case

The bull case for Fastly centers on its combination of AI computing at the network edge and its security platform, including its Next-Gen WAF. Management has guided for positive adjusted earnings and at least $40 million in free cash flow for 2026, a meaningful step for a company that has been running negative earnings on a trailing twelve-month basis.

Fastly competes directly with Cloudflare and Akamai in the edge security space. In a previous segment, Cramer notably said he preferred Cloudflare over Fastly, making this buy call a notable shift.

WAFplanet Take

Stock picks from TV hosts are noise, not signal. What matters for WAF buyers is what is underneath: Fastly has been steadily improving its Next-Gen WAF (formerly Signal Sciences) and its edge compute story is real. The 345% stock run reflects genuine demand for edge security and CDN services, not just hype. Whether you are evaluating Fastly, Cloudflare, or Akamai for your stack, focus on the product, not the ticker. Check our WAF comparison to see how they stack up on features that actually matter.