Cloudfare Inc. (NET:NSD) 8 Analysts Update Coverage After Earnings Jump

Cloudefare Inc. (NET:NSD) 8 Analysts Update Coverage After Earnings Jump

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.

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