The Analyst Verdict: Cloudflare In The Eyes Of 23 Experts
Portfolio Pulse from Benzinga Insights
Over the past three months, 23 analysts have evaluated Cloudflare (NYSE:NET), with a range of opinions from bullish to bearish. The average 12-month price target has dropped by 10.31% to $93.04. Recent analyst actions include several downgrades and lowered price targets, reflecting cautious sentiment.
June 17, 2024 | 4:01 pm
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Cloudflare (NYSE:NET) has seen a diverse range of analyst opinions over the past three months, with a notable drop in the average 12-month price target by 10.31% to $93.04. Recent analyst actions include several downgrades and lowered price targets, indicating cautious sentiment.
The significant drop in the average 12-month price target and multiple downgrades by analysts suggest a cautious outlook on Cloudflare's stock. This is likely to have a negative short-term impact on the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100