Needham Maintains Buy on Cloudflare, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Cloudflare (NYSE:NET) and raises the price target from $110 to $135.
February 09, 2024 | 11:00 am
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Needham analyst Alex Henderson maintains a Buy rating on Cloudflare and raises the price target from $110 to $135.
The increase in price target by a reputable analyst suggests a strong confidence in Cloudflare's future performance, likely leading to positive investor sentiment and potential short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100