In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare (NET – Research Report), with a price target of $108.00. The company’s shares closed yesterday at $90.31.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 11.3% and a 57.95% success rate. Hedberg covers the Technology sector, focusing on stocks such as Autodesk, F5 Networks, and Palo Alto Networks.
In addition to RBC Capital, Cloudflare also received a Buy from TD Cowen’s Shaul Eyal in a report issued today. However, on the same day, Bernstein maintained a Hold rating on Cloudflare (NYSE: NET).
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NET market cap is currently $27.99B and has a P/E ratio of -148.12.
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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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