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Analysts Offer Insights on Technology Companies: Cloudflare (NET) and WhiteFiber, Inc. (WYFI)

Tipranks - Tipranks - Fri Aug 14, 7:36AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Cloudflare (NET) and WhiteFiber, Inc. (WYFI).

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Cloudflare (NET)

In a report released today, Samik Chatterjee from J.P. Morgan maintained a Hold rating on Cloudflare. The company’s shares closed last Wednesday at $311.45.

According to TipRanks.com, Chatterjee is a top 25 analyst with an average return of 56.2% and a 76.5% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies, and Lumentum Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $342.40 average price target, a 10.8% upside from current levels. In a report issued on July 31, TipRanks – Google also downgraded the stock to Hold with a $310.00 price target.

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WhiteFiber, Inc. (WYFI)

WhiteFiber, Inc. received a Buy rating and a $36.00 price target from Cantor Fitzgerald analyst Brett Knoblauch today. The company’s shares closed last Wednesday at $28.58.

According to TipRanks.com, Knoblauch is ranked #614 out of 12470 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WhiteFiber, Inc. with a $39.17 average price target, representing a 42.8% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $38.00 price target.

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