Guggenheim Downgrades Cloudflare to Sell, Announces $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
Guggenheim analyst John Difucci has downgraded Cloudflare (NYSE:NET) from Neutral to Sell and set a price target of $50.
August 07, 2023 | 9:32 am
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Cloudflare has been downgraded from Neutral to Sell by Guggenheim with a price target of $50.
The downgrade from Guggenheim could negatively impact Cloudflare's stock price in the short term. The new price target of $50 also suggests that the analyst believes the stock is currently overvalued.
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