Fastly shares fell 8.40% to $27.16 on Thursday, reversing a 14% Wednesday gain to $29.65 after the company’s New York investor day. Fastly set fiscal 2029 revenue objectives of $1.1 billion to $1.3 billion, implying annual growth of 14% to 21% from fiscal 2026, alongside gross margins of 67% to 71%, operating margins of 20% to 22% and free-cash-flow yield of 12% to 15%. The company said AI traffic on its network is growing 6.5 times faster than human traffic and introduced AI Firewall and AI Runtime Control. DA Davidson analyst Rudy Kessinger kept a Neutral rating and raised his price forecast to $23 from $21, but estimated that even 1 billion daily Muse users would generate only about $16.3 million in potential Fastly revenue if the company handled all related traffic, or roughly 2% of consensus calendar-2026 revenue. BofA Securities maintained Underperform while raising its forecast to $22 from $20; other analyst views remained mixed, and Fastly expects to reach profitability this year.