Citi raised the firm’s price target on Cloudflare to $65 from $48 and keeps a Neutral rating on the shares. The analyst updated models in systems software following the quarterly results. New business was “surprisingly robust” but expansion momentum came mixed, slowing for historically strong performers and contracting for others, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NET:
- Here’s Why the DOJ Sued Elon Musk’s SpaceX
- SpaceX Teams Up with Cloudflare (NYSE:NET) to Enhance Starlink’s Speed
- Cloudflare working with SpaceX to speed up Starlink service, Information says
- TipRanks’ All-Star Analyst – Who is the Best on PANW Stock?
- Buy/Sell: Wall Street’s top 10 stock calls this week