Truist analyst Joel Fishbein raised the firm’s price target on Cloudflare (NET) to $175 from $140 and keeps a Buy rating on the shares. The company reported solid Q4 results characterized by strong large deal growth but guided FY25 below consensus, as they expect sales capacity to constrain growth until Q2, the analyst tells investors in a research note. The management was bullish on the opportunity to re-accelerate top line in FY25, driving the post-earnings strength in the stock, Truist added.
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