UBS analyst Roger Boyd raised the firm’s price target on Cloudflare (NET) to $220 from $210 and keeps a Neutral rating on the shares. Cloudflare delivered a strong quarter that featured a 4% revenue beat to 34% growth, as well as 29% revenue growth guidance for fiscal 2026, and “encouraging” commentary on go-to-market progress, the analyst tells investors in a research note. At the same time, the prospect of a second half deceleration, gross margin pressure, and limited operating margin and free cash flow expansion doesn’t make a great entry point, UBS says.
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