Susquehanna analyst Shyam Patil lowered the firm’s price target on Cloudflare (NET) to $140 from $170. The firm said they reported a solid 1Q with the top and bottom line coming in ahead of expectations, driven by its improved GTM, and reiterated its outlook.
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 upgraded to Outperform from Market Perform at CICC
- Cloudflare’s Earnings Call Highlights Robust Growth
- Cloudflare Stock (NET) Jumps after Q1 Results Impress Analysts
- Cloudflare price target lowered to $135 from $162 at Scotiabank
- Cloudflare price target raised to $155 from $140 at RBC Capital
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue