DZ Bank Downgrades Cloudflare to Hold, Announces $110 Price Target
Portfolio Pulse from Benzinga Newsdesk
DZ Bank analyst Axel Herlinghaus downgrades Cloudflare (NYSE:NET) from Buy to Hold and sets a $110 price target.

February 13, 2024 | 12:52 pm
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Cloudflare downgraded from Buy to Hold by DZ Bank with a $110 price target.
The downgrade from Buy to Hold suggests a neutral outlook on Cloudflare's stock in the short term, indicating that the analyst sees limited upside potential from the current levels to the target price. This could lead to a stabilization or slight adjustment in the stock price as the market digests this new rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100