Cloudflare price target raised to $205 from $108 at Argus

Argus raised the firm’s price target on Cloudflare (NET) to $205 from $108 and keeps a Buy rating on the shares. Shares have been volatile, as investor views of marginally profitable and unprofitable Technology start-ups tend to move through cycles, but the company has responded by dramatically improving profitability, even as its restructured its sales team, the analyst tells investors in a research note. The restructuring has started to show traction, with high-value customers and consistently improved sales productivity, the firm added.