Mizuho Maintains Neutral on Cloudflare, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz maintains a Neutral rating on Cloudflare (NYSE:NET) but raises the price target from $92 to $105.
October 17, 2024 | 12:03 pm
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POSITIVE IMPACT
Mizuho has maintained a Neutral rating on Cloudflare but increased the price target from $92 to $105, indicating a positive outlook.
The increase in price target from $92 to $105 suggests a positive outlook for Cloudflare, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100