Cloudflare price target raised to $170 from $95 at Susquehanna

Susquehanna raised the firm’s price target on Cloudflare (NET) to $170 from $95 and keeps a Neutral rating on the shares. The firm said they reported a solid 4Q with the top and bottom line coming in ahead of expectations. Despite the outlook being more mixed, management remains optimistic on the productivity strides it is making within its GTM organization and its ability to win more large customers.