Cloudflare (NYSE:NET) Coverage Initiated at Morgan Stanley

Morgan Stanley assumed coverage on shares of Cloudflare (NYSE:NET) in a research report released on Tuesday morning, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $18.00 price objective on the stock.

NET has been the subject of several other research reports. Wells Fargo & Co started coverage on Cloudflare in a research report on Tuesday. They issued an outperform rating and a $22.50 target price for the company. Goldman Sachs Group started coverage on Cloudflare in a research report on Tuesday. They issued a neutral rating and a $20.00 target price for the company. Oppenheimer started coverage on Cloudflare in a research report on Tuesday. They issued an outperform rating and a $23.00 target price for the company. Jefferies Financial Group started coverage on Cloudflare in a research report on Tuesday. They issued a hold rating and a $18.00 target price for the company. Finally, Evercore ISI started coverage on Cloudflare in a research report on Tuesday. They issued an outperform rating and a $22.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $20.95.

Shares of NYSE:NET opened at $16.47 on Tuesday. Cloudflare has a 52-week low of $15.51 and a 52-week high of $22.08.

About Cloudflare

CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.

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