B of A Securities Initiates Coverage On Cloudflare with Underperform Rating, Announces Price Target of $52
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Madeline Brooks has initiated coverage on Cloudflare (NYSE:NET) with an Underperform rating and a price target of $52.
September 07, 2023 | 10:51 am
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Cloudflare has been given an Underperform rating by B of A Securities with a price target of $52.
The Underperform rating from B of A Securities suggests that the analyst expects Cloudflare's stock to do worse than the market average. This could potentially lead to a decrease in the stock's price. The price target of $52 provides a benchmark for investors.
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