1 Wall Street Analyst Raises Cloudflare's Price Target by 55%: Here's Why They're Right.

Shares of Cloudflare (NET -0.84%) are on their way to $124, according to an analyst at Argus. They argue that Cloudflare has simultaneously improved profitability and revamped its sales team, which should help investors warm to the unprofitable cloud computing company. This new price target represents an upside of about 24% from the current stock price and is 55% higher than the previous price target.Optionality at every turnCloudflare operates a global edge cloud computing network that spans more than 310 ...