Cloudflare assumed with a Hold at Jefferies

Core Insights - Jefferies analyst Joseph Gallo initiated coverage of Cloudflare (NET) with a Hold rating and a price target increase from $225 to $250, indicating a positive outlook on the stock's performance [1] Financial Performance - In Q3, Cloudflare reported "impressive" revenue acceleration at scale, which contributed to an upward revision of its 2025 revenue outlook by more than the previous beat [1] Valuation - Jefferies highlighted the stock's "premium" valuation as a reason for maintaining the Hold rating despite the positive revenue outlook [1]