RBC Capital Maintains Outperform on Cloudflare, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an 'Outperform' rating on Cloudflare (NYSE:NET) but has lowered the price target from $70 to $65.

November 03, 2023 | 6:45 pm
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Cloudflare's price target has been lowered from $70 to $65 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital might create a short-term negative sentiment among investors. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100