Piper Sandler analyst James Fish raised the firm’s price target on Cloudflare (NET) to $249 from $224 and keeps a Neutral rating on the shares. Just when one would think the bar couldn’t get higher, Cloudflare found a way to exceed expectations as RPO accelerated once again, net-customer count was impressive, it was a record ACV bookings quarter, sales capacity and productivity are up, NRR expanded 5% quarter-over-quarter, and Cloudflare is winning in the markets that matter like AI, SASE, and AI “paywall,” the firm says.
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