Scotiabank lowered the firm’s price target on Cloudflare (NET) to $135 from $162 and keeps a Sector Perform rating on the shares. The company reported a “strong” Q1, but only reiterated its 2025 revenue guidance, the analyst tells investors. There is “so much to like” about the company and the firm has a “greater appreciation of the company’s “terrific product market fit” in the technology vertical.
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