JMP Securities Maintains Market Outperform on Cloudflare, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Trevor Walsh has maintained a Market Outperform rating on Cloudflare (NYSE:NET) and increased the price target from $75 to $90.
January 31, 2024 | 6:36 pm
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POSITIVE IMPACT
JMP Securities analyst Trevor Walsh has reaffirmed Cloudflare's Market Outperform rating and raised the price target from $75 to $90, indicating a positive outlook on the stock.
The increase in price target by JMP Securities suggests a strong confidence in Cloudflare's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as the market adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100