Cloudflare (NET) Stock: $200 Price Target And Outperform Rating

By Amit Chowdhry ● May 3, 2022
  • The shares of Cloudflare Inc (NYSE: NET) have received a $200 price target from Cowen. These are the details.

The shares of Cloudflare Inc (NYSE: NET) have received a $200 price target from Cowen. And Cowen analyst Shaul Eyal is maintaining an “Outperform” rating on the shares. 

Eyal adjusted the rating after reviewing the company’s quarter. And Eyal is seeing an upside to the Street’s first-quarter revenue estimates as the company lands new logos and expands with existing customers.

Plus Cloudflare is seeing healthy security market trends providing further tailwinds and envisions gradual beat and raise patterns as the year unfolds.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.