Needham Maintains Buy on Cloudflare, Raises Price Target to $85
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Alex Henderson maintains a Buy rating on Cloudflare (NYSE:NET) and raises the price target from $75 to $85.
August 04, 2023 | 3:04 pm
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POSITIVE IMPACT
Needham analyst maintains a Buy rating on Cloudflare and raises the price target from $75 to $85, which could positively impact the stock's price.
The raised price target by Needham analyst indicates a positive outlook for Cloudflare. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100