Cloudflare price target raised to $100 from $80 at Bernstein

Bernstein raised the firm’s price target on Cloudflare (NET) to $100 from $80 and keeps a Market Perform rating on the shares. The firm notes Cloudflare delivered strong Q4 earnings and guided FY25 in-line with consensus. Revenue came in 1.9% ahead of guidance, the biggest beat since Q4 a year ago, and signals for future growth were even stronger, Bernstein adds.