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3 Nov, 11:15
JPMorgan upgrades Cloudflare to Overweight with $350 target
Bullish+15.33%
AI Summary
JPMorgan upgrades Cloudflare to Overweight with a $350 price target, citing strong revenue growth potential and continued developer wins.
JPMorgan upgrades Cloudflare $NET to Overweight from Neutral, with its $350 price target.
The firm sees further expansion with existing customers and continued developer wins for Workers.
JPMorgan believes revenue growth could accelerate to 35%+ in the medium term. https://x.com/wallstengine/status/2117576443115008459/photo/1