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Market Incident

Public · Developing

AI compiled from Infoway · 3 analyzed stories

Guggenheim maintains Cloudflare at Sell, raises price target to $190 from $160

Guggenheim maintained its Sell rating on Cloudflare and raised its price target to $190 from $160, an 18.8% increase. The new target implies 22.3% downside from the November 5 closing price of $244.51.

Published:

Updated:

What happened

Guggenheim kept its Sell rating on Cloudflare but raised its price target from $160 to $190 per share. The new target is still below Cloudflare’s November 5 closing price of $244.51, and the supplied reports give no reason for the change.

Global impact / market context

The higher target is less negative than before, but it remains below the cited closing price. This may matter to investors comparing Guggenheim’s view with the stock’s recent price; the reports do not explain its reasoning.

What to watch

  1. Check whether Guggenheim gives a reason for raising its target, since none is provided in the reports.
  2. Check Cloudflare’s share price against the $190 target, since the reported target is below the November 5 close.
  3. Check whether Guggenheim changes its Sell rating, which it maintained in the supplied reports.

Affected assets

  • Cloudflare

Evidence