Morgan Stanley Maintains Equal-Weight on Cloudflare, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Cloudflare (NYSE:NET) and raises the price target from $43 to $55.
October 30, 2023 | 2:24 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Cloudflare and raises the price target from $43 to $55. This could potentially lead to an increase in the stock's price.
The raised price target by Morgan Stanley indicates a positive outlook for Cloudflare's stock. This could potentially lead to an increase in the stock's price as investors may interpret this as a sign of the company's strong performance and future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100