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Piper Sandler Upgrades Cloudflare to Overweight, Maintains $222 Price Target

Piper Sandler analyst James Fish upgraded Cloudflare Inc (NYSE: NET) from Neutral to Overweight while maintaining a $222 price target. Cloudflare shares closed at $178.65 on Tuesday.

Benzinga
1 source·Apr 15, 5:53 PM(46 days ago)·1m read
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Piper Sandler Upgrades Cloudflare to Overweight, Maintains $222 Price TargetPhoto: Roberto Júnior / Unsplash
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analyst James Fish upgraded Cloudflare Inc (NYSE: NET) from Neutral to Overweight.

Fish maintained the price target of $222 for Cloudflare Inc (NYSE: NET). 65 on Tuesday. Cantor Fitzgerald analyst Pete Stavropoulos upgraded Alector Inc. Benzinga reported the upgrades.

The upgrade by James Fish applies to Cloudflare Inc (NYSE: NET).

The previous rating was Neutral. The maintained price target stands at $222. 65 on Tuesday. This closing price reflects the stock's value at the end of that session.

Upgrade Overview Pete Stavropoulos from Cantor Fitzgerald

issued the upgrade for Alector Inc.

No further details on the previous rating or new target were specified in the report. Benzinga reported the analyst actions for both companies. The upgrades occurred as part of ongoing coverage by the firms.

Transparency

The rewrite presents factual analyst upgrades in a neutral, straightforward manner without inherited slanted language or framing.

How else this could be read

These analyst upgrades may reflect short-term optimism, but underlying company challenges could limit sustained stock gains.

Confidence65%

Reported by a single outlet. This score reflects source tier and factual specificity — corroboration is limited with one source.

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