UBS Initiates Coverage On Cloudflare with Sell Rating, Announces Price Target of $55
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Roger Boyd initiates coverage on Cloudflare (NYSE:NET) with a Sell rating and announces a price target of $55.
June 05, 2023 | 1:18 pm
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NEGATIVE IMPACT
UBS analyst Roger Boyd initiates coverage on Cloudflare with a Sell rating and a price target of $55.
The Sell rating and price target announcement by UBS analyst Roger Boyd may have a negative short-term impact on Cloudflare's stock price. Investors may perceive this as a signal to sell or avoid buying the stock, leading to a potential decrease in demand and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100