Morgan Stanley analyst Keith Weiss assumed coverage of Cloudflare (NET) with an Overweight rating and $154 price target Cloudflare has historically offered consistent product innovation across multiple domains, though has lacked a matching go-to-market engine to fully monetize its large installed base of over 200,000 customers, the firm says. However, with the recent additions of CRO Mark Anderson, the former Palo Alto Networks head of sales, and Head of Product CJ Desai, the former ServiceNow COO, Cloudflare has “reached a tipping point on multiple fronts,” the analyst tells investors.
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