Truist Securities Maintains Buy on Cloudflare, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has reaffirmed a Buy rating on Cloudflare (NYSE:NET) and increased the price target from $80 to $90.
January 16, 2024 | 6:53 pm
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Truist Securities analyst Ki Bin Kim maintains a Buy rating on Cloudflare and raises the price target from $80 to $90, indicating a positive outlook on the stock.
The increase in price target by Truist Securities reflects a bullish sentiment on Cloudflare's stock, suggesting that the analyst sees potential for the stock to rise to the new target price. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100