The Analyst Verdict: Cloudflare In The Eyes Of 19 Experts
Portfolio Pulse from Benzinga Insights
19 analysts have shared their evaluations of Cloudflare (NYSE:NET) over the past three months, showing a mix of bullish and bearish perspectives. The average 12-month price target has decreased by 8.74% to $95.26. Recent analyst actions include several downgrades and lowered price targets.
May 31, 2024 | 12:00 pm
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19 analysts have mixed views on Cloudflare (NYSE:NET) with an average 12-month price target now at $95.26, down 8.74%. Recent downgrades and lowered price targets highlight changing sentiments.
The mixed analyst ratings and the downward revision of the average price target suggest a cautious outlook on Cloudflare's stock. Multiple analysts have downgraded their ratings and lowered their price targets, indicating potential short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100