Wells Fargo Maintains Overweight on Cloudflare, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Cloudflare (NYSE:NET) and raises the price target from $55 to $80.
August 04, 2023 | 3:47 pm
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POSITIVE IMPACT
Wells Fargo maintains an Overweight rating on Cloudflare and raises the price target from $55 to $80. This could potentially lead to an increase in Cloudflare's stock price.
The raised price target by Wells Fargo indicates a positive outlook for Cloudflare's stock. This could potentially attract more investors, leading to an increase in demand for the stock and subsequently, an increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100