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JohnCM

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Re: The_Free_Nebula post# 22

Monday, 07/06/2020 8:41:56 PM

Monday, July 06, 2020 8:41:56 PM

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Cloudflare gets Street-high target on e-commerce demand

Jul. 6, 2020 7:42 AM ET|About: Cloudflare, Inc. (NET)|By: Brandy Betz, SA News Editor

Citing "very strong demand across web acceleration and cloud security," Piper Sandler analyst James Fish lifts Cloudflare's (NYSE:NET) target from $29 to $41.

Fish sees the growing e-commerce adoption as a major tailwind for NET and thinks the company's relationship with Shopify will drive "further share gains" in the space.

Piper Sandler maintains an Overweight rating on Cloudflare. The company has a Bullish average Wall St. Analysts rating.

NET shares are up 1.5% pre-market to $37.

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