Cloudflare (NYSE:NET) Coverage Initiated by Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Cloudflare (NYSE:NET) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $20.00 price objective on the stock.

Several other research firms have also recently issued reports on NET. Oppenheimer started coverage on shares of Cloudflare in a research report on Tuesday. They set an outperform rating and a $23.00 price objective for the company. SunTrust Banks began coverage on shares of Cloudflare in a research report on Tuesday. They issued a buy rating and a $23.00 price target for the company. JMP Securities began coverage on shares of Cloudflare in a research report on Tuesday. They issued an outperform rating and a $22.00 price target for the company. Finally, Wells Fargo & Co began coverage on shares of Cloudflare in a research report on Tuesday. They issued an outperform rating and a $22.50 price target for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $20.95.

Cloudflare stock opened at $16.47 on Tuesday. Cloudflare has a 12-month low of $15.51 and a 12-month high of $22.08.

Cloudflare Company Profile

CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.

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Analyst Recommendations for Cloudflare (NYSE:NET)

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