- Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc NET to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49%.
- Winslow sees Cloudflare sustain significant revenue growth, within the high 40% to +50% range, for multiple years.
- Winslow's expectations grew from differentiated serverless architecture, efficient and rapidly expanding global network, cloud-native approach for integrated network, application, Zero Trust services, and emerging opportunity and strong positioning in edge computing.
- Price Action: NET shares traded higher by 0.59% at $93.96 on the last check Friday.
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