Goldman Sachs Maintains Sell on Cloudflare, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Gabriela Borges maintains a Sell rating on Cloudflare (NYSE:NET) and raises the price target from $38 to $43.
August 04, 2023 | 3:27 pm
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Goldman Sachs maintains a Sell rating on Cloudflare, but raises the price target from $38 to $43. This could indicate a potential downside for the stock in the short term.
Goldman Sachs, a major investment bank, has maintained a Sell rating on Cloudflare, indicating a bearish outlook. However, the raised price target could suggest that the stock's downside might be less than previously expected. This news is highly relevant and important for investors in Cloudflare.
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IMPORTANCE 80
RELEVANCE 100