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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NET:
- Cloudflare price target raised to $155 from $140 at RBC Capital
- Cloudflare price target raised to $145 from $135 at UBS
- Cloudflare price target raised to $165 from $150 at Oppenheimer
- Morning Movers: Pinterest, Lyft jump following quarterly results
- Cloudflare price target raised to $151 from $112 at Piper Sandler
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue