- The shares of Cloudflare (NET) could potentially hit $42 according to analysts at JPMorgan. These are the details.
Recently, JPMorgan analysts assigned Cloudflare a price target of $42 along with an “Overweight” rating.
JPMorgan analysts adjusted the rating while noting that they believe in Cloudflare for the long term. And the long-term vision and it has the potential to disrupt massive markets. But the view is balanced by a challenging macro environment.
Price target: $42
Rating: Upgraded from “Underweight” to “Neutral”
Analyst firm: JPMorgan