Cloudflare price target raised to $162 from $130 at TD Cowen

TD Cowen raised the firm’s price target on Cloudflare (NET) to $162 from $130 and keeps a Buy rating on the shares. The firm said during 4Q, the company saw an uptick in close rates, improvements in sales cycles, and achieved its 5th consecutive Q of double-digit year-over-year increases in sales productivity.