Goldman Sachs lowered the firm’s price target on Cloudflare (NET) to $161 from $183 but keeps a Buy rating on the shares after its Q4 results. The firm’s price target cut reflects lower peer multiples, though the firm remains positive on the name after the company’s Investor Day event that highlighted its AI positioning and go-to-market improvements, the analyst tells investors in a research note.
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Read More on NET:
- Cloudflare price target lowered to $148 from $170 at RBC Capital
- Cloudflare price target lowered to $145 from $185 at Needham
- Cloudflare price target lowered to $140 from $160 at Mizuho
- Cloudflare price target lowered to $131 from $153 at Piper Sandler
- Cloudflare’s Ambitious Growth Targets and Strong Product Line Expansion Justify Buy Rating
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