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Cloudflare price target raised to $260 from $205 at Susquehanna

Susquehanna analyst Shyam Patil raised the firm’s price target on Cloudflare (NET) to $260 from $205 and keeps a Neutral rating on the shares. The firm said they reported a solid 3Q, with both the top and bottom line coming in ahead of expectations as the company continues to execute on its GTM strategy, and the company guided 4Q ahead of expectations as well.

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