UBS Maintains Sell on Cloudflare, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Roger Boyd has maintained a Sell rating on Cloudflare (NYSE:NET) and reduced the price target from $88 to $76.
May 03, 2024 | 10:14 pm
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UBS analyst Roger Boyd maintains a Sell rating on Cloudflare, with a reduced price target from $88 to $76.
The reduction in Cloudflare's price target by a reputable analyst like Roger Boyd of UBS, while maintaining a Sell rating, suggests a bearish outlook on the stock. This could lead to negative sentiment among investors and potentially drive the stock price down in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100