Cloudflare's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among big money traders on Cloudflare (NYSE:NET), with 54% showing bearish tendencies in recent options trades. Despite this, the volume and open interest trends indicate a targeted price range of $30.0 to $100.0. Cloudflare's current trading volume is 1,851,022, with a slight price decrease of -0.09%, positioned at $80.75. Professional analysts have set an average price target of $92.25, with ratings ranging from Overweight to Market Outperform.
February 06, 2024 | 7:31 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cloudflare shows a bearish sentiment among traders but maintains positive analyst ratings with an average target price of $92.25. Current price is $80.75.
The bearish sentiment from options traders contrasts with the bullish outlook from professional analysts, indicating a mixed short-term impact. The current slight price decrease and neutral RSI indicators suggest a potential for stability or slight growth, especially with the earnings announcement expected in 2 days.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100