Baird raised the firm’s price target on Cloudflare (NET) to $200 from $175 and keeps a Neutral rating on the shares. The firm updated its model following solid Q2 results but where its valuation has now set a high bar.
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Read More on NET:
- Cloudflare price target raised to $224 from $151 at Piper Sandler
- Cloudflare price target raised to $111 from $70 at Guggenheim
- Cloudflare price target raised to $235 from $225 at Morgan Stanley
- Cloudflare’s Strong Performance Overshadowed by Stretched Valuation: Analyst Maintains Hold Rating
- Cloudflare’s Strong Growth Potential and Strategic Positioning Drive Buy Rating
