Cloudflare price target raised to $200 from $190 at Susquehanna

Susquehanna analyst Shyam Patil raised the firm’s price target on Cloudflare (NET) to $200 from $190 and keeps a Neutral rating on the shares. The firm said they reported a fine quarter coming in ahead on both the top and bottom line as strong growth continued, especially with large customers. The company provided more prudent guidance for 2Q, while also announcing a significant headcount reduction as it pivots toward an AI-first operating structure, aiming to drive efficiency and productivity.