JMP Securities analyst Trevor J. Walsh reiterated a Buy rating on Cloudflare (NET – Research Report) today and set a price target of $120.00. The company’s shares closed yesterday at $88.97.
J. Walsh covers the Technology sector, focusing on stocks such as SentinelOne, Tyler Technologies, and CyberArk Software. According to TipRanks, J. Walsh has an average return of 15.4% and a 58.33% success rate on recommended stocks.
Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $104.39, which is a 17.33% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $94.00 price target.
The company has a one-year high of $116.00 and a one-year low of $39.90. Currently, Cloudflare has an average volume of 4M.
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Cloudflare (NET) Company Description:
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
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- Cloudflare price target lowered to $95 from $105 at Mizuho
