Cloudflare, Inc. (NET)
Analyst Update
Citigroup recently maintained their coverage on Cloudfare’s stock with a “Buy” rating, reflecting continued confidence in the company’s growth outlook despite recent share price volatility. Previously, on January 16th, Citigroup analyst Fatima Boolani, reduced the 12 month price target to $260 from $318, reflecting a more tempered valuation outlook while remaining constructive on the company’s fundamentals.
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