Keybanc Maintains Overweight on Cloudflare, Raises Price Target to $94
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Thomas Blakey has maintained an Overweight rating on Cloudflare (NYSE:NET) and increased the price target from $70 to $94, indicating a positive outlook on the company's stock.
January 18, 2024 | 12:51 pm
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Keybanc analyst Thomas Blakey reaffirmed an Overweight rating on Cloudflare and raised the price target to $94, suggesting confidence in the company's growth prospects.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can positively influence investor sentiment, potentially driving the stock price up in the short term.
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