Why Cloudflare Stock Soared Today

Shares of Cloudflare (NET 4.09%) rose as much as 7.2% on Monday, before settling to close up 4.1% after a notable analyst upgrade.Citi takes a measured approach toward Cloudflare stockIn note to clients today, Citigroup (C 2.56%) analyst Fatima Boolani maintained her firm's neutral rating on Cloudflare stock but also raised her per-share price target to $82 from $66. Boolani cited "encouraging" channel feedback more broadly for stocks in the cloud observability and DevOps spaces, while noting that the recen ...