Cloudflare shares are trading higher after JMP Securities raised its price target on the stock from $60 to $75.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare's stock price target has been raised from $60 to $75 by JMP Securities, leading to an increase in the company's shares.
July 13, 2023 | 2:05 pm
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POSITIVE IMPACT
Cloudflare's stock price target has been raised by JMP Securities, which has resulted in an increase in the company's shares.
The increase in Cloudflare's stock price target by JMP Securities is a positive signal to investors, indicating a potential upside for the stock. This has led to an increase in the company's shares, suggesting a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100