Wells Fargo lowered the firm’s price target on Cloudflare to $72 from $80 and keeps an Overweight rating on the shares. Cloudflare reported solid Q3 results, though FY24 estimates are still a concern, the analyst tells investors in a research note.
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Read More on NET:
- Cloudflare price target lowered to $65 from $70 at RBC Capital
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- Cloudflare price target lowered to $63 from $70 at Mizuho
- Cloudflare raises FY23 EPS view to 45c-46c from 37c, consensus 37c
- Cloudflare sees Q4 adjusted EPS 12c, consensus 10c
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