Analyst Ratings Coverage
Todays analyst ratings updated coverage on Cloudfare’s stock:
Needham & Company:
Rating: Buy
Target Price: Increased from USD 110 to USD 135 on 02/09/2024.
Analysis: Needham & Company maintains a positive outlook on Cloudfare stock, citing factors that support a bullish sentiment in the company’s performance and potential for growth.
Wells Fargo & Company:
Rating: Overweight
Target Price: Raised from USD 95 to USD 125 on 02/09/2024.
Analysis: Wells Fargo & Company increased its target price for Cloudfare, expressing confidence in the stock’s ability to outperform market expectations due to strong fundamentals and growth prospects.
KeyBanc Capital Markets:
Rating: Overweight
Target Price: Elevated from USD 94 to USD 132 on 02/09/2024.
Analysis: KeyBanc Capital Markets reaffirms an overweight rating on Cloudfare, raising its target price based on positive market dynamics and the company’s strategic positioning within the industry.
Susquehanna International Group:
Rating: Neutral
Target Price: Maintained at USD 75, adjusted to USD 115 on 02/09/2024.
Analysis: Susquehanna International Group remains neutral on Cloudfare stock, with a target price adjustment reflecting updated market conditions and company performance metrics.
RBC Capital Markets:
Rating: Outperform
Target Price: Revised from USD 95 to USD 108 on 02/09/2024.
Analysis: RBC reiterates an outperform rating on Cloudfare, with a revised target price reflecting the firm’s positive assessment of the company’s growth potential and market outlook.
Cantor Fitzgerald & Co.:
Rating: Neutral
Target Price: Reiterated from USD 70 to USD 100 on 02/09/2024.
Analysis: Cantor Fitzgerald & Co. maintains a neutral stance on Cloudfare stock, with a target price adjustment reflecting the firm’s assessment of fair value based on current market conditions.
J.P. Morgan Chase & Co.:
Rating: Neutral
Target Price: Increased from USD 53 to USD 90 on 02/09/2024.
Analysis: J.P. Morgan Chase & Co. maintains a neutral rating on Cloudfare, with an upward target price adjustment reflecting the firm’s revised valuation based on updated financial projections and market trends.
Mizuho Securities:
Rating: Neutral
Target Price: Adjusted from USD 73 to USD 105 on 02/09/2024.
Analysis: Mizuho Securities maintains a neutral outlook on Cloudfare stock, with a target price adjustment reflecting the firm’s assessment of fair value considering prevailing market dynamics and industry trends.
