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Cloudflare price target raised to $235 from $210 at KeyBanc

KeyBanc raised the firm’s price target on Cloudflare (NET) to $235 from $210 and keeps an Overweight rating on the shares. At this kind of valuation, it was going to take a significant beat and raise for the stock to react positively. Beating by 2.3% on the top line and raising by about double the beat should be enough to get the job done, the firm says.

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