Susquehanna Maintains Neutral on Cloudflare, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Aaron Samuels maintains a Neutral rating on Cloudflare (NYSE:NET) and raises the price target from $75 to $115.

February 09, 2024 | 3:08 pm
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Susquehanna analyst Aaron Samuels maintains a Neutral rating on Cloudflare and raises the price target from $75 to $115.
The increase in price target from $75 to $115 by Susquehanna reflects a positive outlook on Cloudflare's valuation, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the Neutral rating suggests that the analyst sees the stock as fairly valued at its current level, which might temper the immediate price movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100