Cloudflare Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Cloudflare (NYSE:NET) shows a bullish sentiment among big-money investors, with 75% of trades being calls. The predicted price range is $82.5 to $100.0. Despite this, an analyst from Exane BNP Paribas downgraded the stock to 'Underperform' with a price target of $65.
October 10, 2024 | 1:46 pm
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NEUTRAL IMPACT
Cloudflare's options trading shows a bullish sentiment with 75% of trades being calls, indicating potential upward movement. However, an analyst downgrade to 'Underperform' with a $65 target suggests caution.
The options trading activity indicates a bullish sentiment with a significant amount of calls, suggesting potential upward movement in the short term. However, the analyst downgrade to 'Underperform' with a lower price target introduces a conflicting view, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100