Cloudflare assumed with a Hold at Jefferies

Jefferies analyst Joseph Gallo assumed coverage of Cloudflare (NET) with a Hold rating and price target of $250, up from $225. The company in Q3 reported “impressive” revenue acceleration at scale and upped its 2025 revenue outlook by more than the beat, the analyst tells investors in a research note. Jefferies cites the stock’s “premium” valuation for the Hold rating. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expe ...