RBC Capital Maintains Outperform on Cloudflare, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Cloudflare (NYSE:NET) and increased the price target from $95 to $108.
February 09, 2024 | 3:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Cloudflare and raised the price target from $95 to $108.
The increase in price target by a reputable analyst like Matthew Hedberg suggests a strong confidence in Cloudflare's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100