Susquehanna initiated coverage of Cloudflare with a Neutral rating and $75 price target. Within the broader software universe, the firm is “bullish” on the cybersecurity software space as it see cyber budgets and use cases continuing to grow given “an ever-evolving threat landscape, internal and external innovation, and requirements from both regulators and insurers,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NET:
- Cybersecurity Stocks: Investing in “The Good Guys”
- Foot Locker downgraded, Zillow initiated: Wall Street’s top analyst calls
- Oppenheimer upgrades Cloudflare to Outperform on AI, Edge strength
- Cloudflare upgraded to Outperform from Perform at Oppenheimer
- Cantor cybersecurity analyst to hold analyst/industry conference call