Cloudflare Inc. (NET) PT Raised to $225 at Wells Fargo

Wells Fargo analyst Andrew Nowinski raised the price target on Cloudflare Inc. (NYSE: NET) to $225.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Cloudflare is scheduled to report 2Q25(Jun) results on Thursday, July 31, at 5:00pm ET. We are expecting a solid beat-and-raise quarter on the heels of large deals and ramping demand for DDoS protection. We continue to believe Cloudflare has one of the most durable growth profiles in all of software, capable of sustaining high-20s/low-30s revenue growth at scale for the next few years. Our checks remained strong, and we noted strong large deal activity, including 14 seven-figure deals and 4 deals in the $10-15MM range. Given the current valuation, mgmt. will not be able to get away with another beat and blame macro uncertainty for the lack of a raise."

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