UBS analyst Roger Boyd raised the firm’s price target on Cloudflare (NET) to $245 from $240 and keeps a Neutral rating on the shares. Cloudflare put up a “standout” Q3, guided to 28% growth in Q4, as well as a $3B run-rate by 4Q26, the analyst tells investors in a research note. The firm still sees a more balanced risk-reward ahead.
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