RBC Capital Maintains Outperform on Cloudflare, Raises Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Cloudflare (NYSE:NET) and raises the price target from $71 to $75.
August 04, 2023 | 3:40 pm
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RBC Capital maintains an Outperform rating on Cloudflare and raises the price target from $71 to $75. This could potentially lead to an increase in the stock's price.
The Outperform rating maintained by RBC Capital indicates that they expect Cloudflare to do better than the overall market. The increase in the price target from $71 to $75 suggests that they believe the stock is undervalued at its current price, which could lead to an increase in the stock's price as the market adjusts to this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100