Cloudflare (NET) earnings beat estimates, but faces price target decrease and mixed analyst views.
Cloudflare (NYSE: NET) has faced reduced price targets and mixed analyst views, with Susquehanna lowering its target from $115 to $80. The company reported earnings of ($0.06) per share, beating analyst estimates by $0.01. Despite this, Thomas Blakey of KeyBanc maintains a buy recommendation with a price target of $94, citing Cloudflare's potential in the growing content delivery network (CDN) market. The consensus rating for Cloudflare is "Hold" with a target price of $88.65.
May 06, 2024
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