Cloudflare shares are trading higher after UBS upgraded the stock from Sell to Neutral and raised its price target from $76 to $82.
Portfolio Pulse from Benzinga Newsdesk
Cloudflare shares are trading higher after UBS upgraded the stock from Sell to Neutral and raised its price target from $76 to $82.
June 25, 2024 | 11:31 am
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POSITIVE IMPACT
UBS upgraded Cloudflare from Sell to Neutral and increased its price target from $76 to $82, leading to a rise in the stock price.
The upgrade from UBS and the increased price target are positive signals for investors, likely leading to increased buying activity and a short-term rise in Cloudflare's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100