Mizuho lowered the firm’s price target on Cloudflare (NET) to $140 from $160 and keeps a Neutral rating on the shares following the investor day. Management hasn’t seen a recent change in the macro environment, and it reiterated confidence in acceleration beyond Q1 as per its recently issued 2025 guidance, the analyst tells investors in a research note. The firm cites recent comp multiple compression for the target cut.
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