RBC Capital Maintains Outperform on Cloudflare, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Cloudflare (NYSE:NET) and raises the price target from $54 to $71.
July 31, 2023 | 4:04 pm
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RBC Capital maintains an Outperform rating on Cloudflare and raises the price target from $54 to $71, which could positively impact the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, RBC Capital's Outperform rating and increased price target for Cloudflare suggest a positive outlook for the company, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100