Credit Suisse Cuts Cloudflare Price Target By 32%

  • Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc NET to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49%.
  • Winslow sees Cloudflare sustain significant revenue growth, within the high 40% to +50% range, for multiple years.
  • Winslow's expectations grew from differentiated serverless architecture, efficient and rapidly expanding global network, cloud-native approach for integrated network, application, Zero Trust services, and emerging opportunity and strong positioning in edge computing.
  • Price Action: NET shares traded higher by 0.59% at $93.96 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsTechBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!