Citigroup Maintains Neutral on Cloudflare, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has maintained a Neutral rating on Cloudflare (NYSE:NET) while lowering the price target from $95 to $90.
May 09, 2024 | 6:08 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Cloudflare, with a reduced price target from $95 to $90.
The reduction in Cloudflare's price target by Citigroup, despite maintaining a Neutral rating, could lead to a negative short-term sentiment among investors, potentially putting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100