KeyBanc raised the firm’s price target on Cloudflare (NET) to $300 from $235 and keeps an Overweight rating on the shares. Acceleration is the name of the game at this valuation and Cloudflare delivered, the firm notes. Growth was north of 30% for the first time in over a year and the 30.7% rate was the highest since the end of 2023. Acceleration with another true beat and raise quarter keeps KeyBanc bullish.
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