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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100