Piper Sandler analyst James Fish raised the firm’s price target on Cloudflare (NET) to $250 from $222 and keeps an Overweight rating on the shares. The firm says it is not surprised that shares are trading down over 15% post-market following the more than 40% run over just the last few weeks and that this was largely a perplexing quarter for Cloudflare that may remind some of three-years ago. Piper continues to recommend buying dips in Cloudflare as one of the highest quality names in tech.
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