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Cloudflare price target raised to $200 from $135 at Scotiabank

Scotiabank analyst Patrick Colville raised the firm’s price target on Cloudflare (NET) to $200 from $135 and keeps a Sector Perform rating on the shares. The company released a “stellar” Q2 update and raised its revenue guidance for FY25, the analyst tells investors. Overall, the firm believes there is “much to like” about the company.

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