Cantor Fitzgerald analyst Thomas Blakey raised the firm’s price target on Cloudflare (NET) to $224 from $199 and keeps a Neutral rating on the shares following the Q3 earnings report. Cloudflare is well-positioned to benefit from secular growth drivers in cloud, including network-based security, serverless and edge-based computing, and agentic AI, including integrated, cloud-based application development, the analyst tells investors in a research note.
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