From Barchart: 2025-01-03 10:38:00

RBC Capital analysts raised Cloudflare Inc.’s price target to $123, citing confidence in the company’s growth trajectory and innovative approach to internet performance, security, and reliability. The company’s cloud-based SaaS platform offers scalable solutions powered by a global network. The $123 target is based on a 21x EV/Sales multiple applied to Cloudflare’s 2025 revenue estimate, reflecting growth opportunities and market leadership.



Read more at Barchart:: Cloudflare Target Raised to $123 on Strong Growth …