Needham Reiterates Buy on Cloudflare, Maintains $135 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson reiterates a Buy rating on Cloudflare (NYSE:NET) and maintains a $135 price target.
August 02, 2024 | 10:07 am
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Needham analyst Alex Henderson reiterates a Buy rating on Cloudflare and maintains a $135 price target, indicating confidence in the company's future performance.
The reiteration of a Buy rating and the maintenance of a $135 price target by a reputable analyst suggests positive sentiment and confidence in Cloudflare's future performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100