Cloudflare (NYSE:NET) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Cloudflare (NYSE:NET) in a research note published on Tuesday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $20.00 price target on the stock.

NET has been the topic of a number of other reports. JMP Securities initiated coverage on Cloudflare in a research note on Tuesday. They issued an outperform rating and a $22.00 price objective on the stock. Goldman Sachs Group initiated coverage on Cloudflare in a research note on Tuesday. They issued a neutral rating and a $20.00 price objective on the stock. Jefferies Financial Group initiated coverage on Cloudflare in a research note on Tuesday. They issued a hold rating and a $18.00 price objective on the stock. Oppenheimer assumed coverage on Cloudflare in a research note on Tuesday. They issued an outperform rating and a $23.00 price objective on the stock. Finally, Evercore ISI assumed coverage on Cloudflare in a report on Tuesday. They issued an outperform rating and a $22.00 target price for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Cloudflare presently has a consensus rating of Buy and a consensus target price of $20.95.

Cloudflare stock opened at $16.47 on Tuesday. Cloudflare has a one year low of $15.51 and a one year 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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