JMP Securities Maintains Outperform on Cloudflare, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Trevor Walsh maintains an 'Outperform' rating on Cloudflare (NYSE:NET) and raises the price target from $60 to $75.
July 13, 2023 | 11:11 am
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JMP Securities maintains an 'Outperform' rating on Cloudflare and raises the price target from $60 to $75. This could potentially lead to an increase in the stock's price.
The 'Outperform' rating indicates that the analyst believes Cloudflare will do better than the market average. The increase in price target from $60 to $75 suggests that the analyst sees significant upside potential for the stock. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100