Wells Fargo Maintains Overweight on Cloudflare, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski has maintained an Overweight rating on Cloudflare (NYSE:NET) and increased the price target from $72 to $95, indicating a positive outlook on the company's stock.
January 29, 2024 | 3:06 pm
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Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Cloudflare and raises the price target from $72 to $95, 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. As a result, this news is likely to lead to a short-term increase in Cloudflare's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100