|Bid||136.65 x 1000|
|Ask||136.62 x 900|
|Day's Range||130.40 - 137.07|
|52 Week Range||39.52 - 137.07|
|Beta (5Y Monthly)||0.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 03, 2021 - Nov 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||125.13|
The market for non-fungible tokens -- digital assets like art, video clips, or music that ownership identified in the blockchain -- came to life in 2021, despite some ups and downs. Three months ago, monthly sales volume of NFTs was checking in at $59.2 million. As dollars and cryptocurrencies such as Ethereum flow into NFTs, companies are trying to figure out how to capitalize.
Oppenheimer analyst Timothy Horan bases a Cloudflare downgrade on valuation concern and intensifying competition.
Shares of Cloudflare Inc. dropped 3.4% in premarket trading Friday, after Oppenheimer downgraded the cyber security company, citing valuation and increasing competition. Analyst Timothy Horan, cut his rating to perform, after being at outperform since he started coverage in October 2019, a month after the company went public. He removed his $130 price target, which the stock has already surpassed. The stock, which closed at a record $136.97 on Wednesday, has soared 78.5% year to date, while the