Exane BNP Paribas Initiates Coverage On Cloudflare with Underperform Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas has initiated coverage on Cloudflare (NYSE:NET) with an Underperform rating and set a price target of $65.
October 08, 2024 | 5:40 pm
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Exane BNP Paribas has initiated coverage on Cloudflare with an Underperform rating and a price target of $65, suggesting potential downside.
The Underperform rating and a price target of $65 from Exane BNP Paribas suggest that the firm expects Cloudflare's stock to underperform relative to the market. This could lead to a negative short-term impact on the stock price as investors may react to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100