No New Highs for Cloudflare in 2024

Key PointsCloudflare had a solid quarter, but the results were tepid relative to analysts' consensus, giving no reason to rally. Analysts are lowering their targets and providing a headwind for the market. The stock could rebound within its range, but only a relief rally is expected, and range-bound conditions will likely persist. 5 stocks we like better than CloudflareCloudflare NYSE: NET is a great company growing its business and building leverage. However, despite the massive decline in the share price, ...