Cloudflare (NET) Stock Could Hit $42: Analyst

By Amit Chowdhry ● Dec 4, 2022
  • 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.

Overview

Price target: $42

Rating: Upgraded from “Underweight” to “Neutral”

Analyst firm: JPMorgan