Investors looking to lower their tax bill may want to take advantage of a tried-and-true strategy that involves selling the year's losing names.
Investors looking to lower their tax bill may want to take advantage of a tried-and-true strategy that involves selling the year's losing names. Tax-loss harvesting is a common year-end method used by investors and money managers to minimize taxes. The practice involves selling off losing positions to offset taxes on realized capital gains incurred on winning investments.
Davidson analyst Rudy Kessinger is neutral on the name. Back in August, he slashed his price target to $5.50 from $8.50, noting that Fastly took "a meat cleaver to CY24 outlook." "FSLY added just 5 net new customers in Q2 vs. 47 last qtr., though the company added 24 $100K+ customers in Q2 vs. a loss of 1 last qtr.," he wrote. Children's apparel maker Carter's also made the list, with shares down 9% over the past 12 months. Analysts see more than 10% downside ahead.
Arbor Realty Trust Inc Kennedy-Wilson Holdings Inc Figs Inc Carter's Inc Fastly Inc Stock Markets Investment Strategy Business News
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