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Analysts Offer Insights on Technology Companies: Cloudflare (NET) and STMicroelectronics (STM)

Tipranks - Tipranks - Tue Jun 30, 7:00AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Cloudflare (NET) and STMicroelectronics (STM).

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Cloudflare (NET)

Bernstein analyst Peter Weed maintained a Hold rating on Cloudflare today and set a price target of $136.00. The company’s shares closed last Friday at $237.24.

According to TipRanks.com, Weed is a 4-star analyst with an average return of 11.4% and a 63.0% success rate. Weed covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $245.81 average price target, an 8.8% upside from current levels. In a report issued on June 14, TipRanks – PerPlexity also downgraded the stock to Hold with a $250.00 price target.

See today’s best-performing stocks on TipRanks >>

STMicroelectronics (STM)

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on STMicroelectronics yesterday and set a price target of $84.00. The company’s shares closed last Friday at $71.42.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 82.9% and a 71.0% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Cerebras Systems, Inc. Class A, and Advanced Micro Devices. ;'>

STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $75.25, a 3.9% upside from current levels. In a report issued on June 14, TipRanks – xAI also reiterated a Buy rating on the stock with a $86.00 price target.

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