Why Cloudflare Stock Could Keep Churning Higher
Cloudflare(NET) Schaeffers Research·2024-02-12 16:59
Analysts have yet to weigh in on the equity, but the majority of pessimistic. Of the 28 in coverage, 17 recommend a tepid "hold" or worse, and a shift in sentiment could bode well for the shares.This is currently the case with the stock's SVI of 46%, which stands in the 16th percentile of annual readings. The shares were higher one month later after 83% of those signals, averaging an 11.17% rise. From its current level, a move of similar magnitude would place Cloudflare stock above $120.Digging deeper,lates ...