Oppenheimer analyst Param Singh raised the firm’s price target on Cloudflare (NET) to $260 from $239 and keeps an Outperform rating on the shares. The firm notes Cloudflare reported strong Q3 results with 31% year-over-year revenue growth, re-accelerating its year-over-year growth rate for the second consecutive quarter. The company continues to demonstrate strong execution, with particular strength in large customer cohorts and enterprise sales transformation efforts, Oppenheimer adds.
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