The Latest Analyst Ratings for Cloudflare
Portfolio Pulse from Benzinga Insights
In the last quarter, Cloudflare (NYSE:NET) received 1 bullish, 8 somewhat bullish, 2 indifferent, and 3 bearish ratings from analysts. The company's average 12-month price target is $68.0, with a high of $85.00 and a low of $43.00. This average price target has increased by 11.31% over the past month.
August 07, 2023 | 12:01 pm
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Cloudflare received mixed analyst ratings in the last quarter, with a majority being somewhat bullish. The average 12-month price target has increased by 11.31% over the past month.
Analyst ratings are a significant factor that can influence a stock's price. In the case of Cloudflare, the majority of the ratings are somewhat bullish, which is a positive sign. Additionally, the increase in the average 12-month price target over the past month indicates growing confidence in the company's performance, which could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100