BTIG lifts NET price target to $269 on strong long-term growth outlook and sales momentum.
Cloudflare launched its Cloudflare One Design Partner Designation, a program to accelerate secure AI deployment through global partners. The initiative targets enterprise customers, leveraging advanced technical expertise to strengthen cybersecurity infrastructure.
BTIG raised its price target for Cloudflare to $269 from $243, citing an optimistic long-term outlook. The firm highlighted improved sales productivity and a path to achieving the “Rule of 50” by 2027, despite the planned retirement of a key executive.
Cloudflare operates a global cloud platform providing DDoS mitigation and web security services. The company’s 5-year EPS growth is forecasted at 32.44%, reinforcing its position in cybersecurity.