JMP Securities raised the firm’s price target on Cloudflare (NET) to $135 from $120 and keeps an Outperform rating on the shares ahead of the Q4 earnings report. The firm views Cloudflare as a “name to watch” as it has a “unique” story in the new AI-powered world, the analyst tells investors in a research note. Conversations with industry experts, cyber executives, and field personnel indicated incrementally positive data points regarding individual rep attainment and tailwinds with security service edge products, the firm says.
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