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Goldman Sachs Starts Cloudflare Inc. (NET) at Sell

February 14, 2023 4:30 AM EST

Goldman Sachs analyst Gabriela Borges initiates coverage on Cloudflare Inc. (NYSE: NET) with a Sell rating and a price target of $51.00.

The analyst comments "We initiate Cloudflare with a Sell rating and 15% downside to our 12-month price target of $51, compared to an average total return of +10% for our coverage universe. We see Cloudflare as one of the most innovative companies in our coverage; and its... More