Stifel raised the firm’s price target on Cloudflare (NET) to $175 from $136 and keeps a Buy rating on the shares following “a strong close to 2024,” with all key metrics above guidance and/or Stifel and Street estimates. FY25 revenue guidance bracketed consensus and this print “ticked many, if not all, of the greenshoots/opportunities” highlighted previously in an upgrade made in December, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NET:
- Oppenheimer downgrades Cloudflare to Perform on valuation
- Cloudflare downgraded to Perform from Outperform at Oppenheimer
- Cloudflare price target raised to $180 from $135 at JMP Securities
- Cloudflare Reports Strong Growth in 2024 Earnings
- Closing Bell Movers: Amazon slips 4% on soft Q1 outlook, capex plans