Citigroup Maintains Neutral on Cloudflare, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani maintains a Neutral rating on Cloudflare (NYSE:NET) and raises the price target from $48 to $65.
August 30, 2023 | 5:52 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Cloudflare and raises the price target from $48 to $65, which may influence investor sentiment.
The raised price target by Citigroup indicates a positive outlook for Cloudflare, which may influence investor sentiment. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months, which may limit any immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100