Needham analyst Mike Cikos raised the firm’s price target on Cloudflare (NET) to $285 from $240 and keeps a Buy rating on the shares after its Q3 earnings beat. The company also announced a $3B revenue run-rate target in Q4, effectively guiding the Street estimates to 28% y/y growth in 2026 when considering the sequential build to deliver $750M-plus exiting the year, the analyst tells investors in a research note.
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