Credit Suisse Cuts Cloudflare Price Target by 32 Percent

January 21, 2022Updated: January 21, 2022

Credit Suisse analyst Phil Winslow upgraded Cloudflare Inc. to Outperform from Neutral with a price target of $140, down from $205, implying an upside of 49 percent.

Winslow sees Cloudflare sustain significant revenue growth, within the high 40 percent to +50 percent range, for multiple years.

Winslow’s expectations grew from differentiated serverless architecture, efficient and rapidly expanding global network, cloud-native approach for integrated network, application, Zero Trust services, and emerging opportunity and strong positioning in edge computing.

By Anusuya Lahiri

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