Mizuho analyst Gregg Moskowitz raised the firm’s price target on Cloudflare (NET) to $280 from $240 and keeps an Outperform rating on the shares. The company posted an “impressive and better than expected” Q3 as its revenue grew 31% year-over-year, well above the Street’s 27% forecast, the analyst tells investors in a research note. The firm believes Cloudflare has “highly scalable architecture and a culture of strong innovation.”
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