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Citi cuts Cloudflare target, opens ‘upside 90-day short-term view’

Citi lowered the firm’s price target on Cloudflare (NET) to $260 from $318 and keeps a Buy rating on the shares. Citi also added an “upside 90-day short-term view” on Cloudflare. The analyst sees an attractive entry point following the stock’s recent selloff.

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