Cantor Fitzgerald Reiterates Neutral on Cloudflare, Maintains $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee has reiterated a Neutral rating on Cloudflare (NYSE:NET) and maintained a $100 price target.
April 17, 2024 | 4:02 pm
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NEUTRAL IMPACT
Cantor Fitzgerald reaffirms a Neutral rating on Cloudflare with a $100 price target.
The reiteration of a Neutral rating and maintenance of a $100 price target by a significant analyst firm like Cantor Fitzgerald suggests stability in Cloudflare's stock outlook. This analysis indicates no immediate bullish or bearish pressure on the stock, but underscores its potential to align with the analyst's expectations. The high relevance score reflects the direct mention and focus on Cloudflare, while the importance score is significant due to the impact analyst ratings can have on investor sentiment. The confidence level is high, given the clear stance of the analyst.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 90