Cloudflare's stock jumps to $114.50, drawing mixed analyst views amid economic uncertainty.

Cloudflare's stock saw a significant jump, opening at $114.50 after closing at $107.68 the previous day. Analysts have mixed views, with Goldman Sachs raising its price target to $140 and BNP Paribas issuing an "underperform" rating. Despite a high valuation, Cloudflare has seen strong revenue growth and improved profitability, with 35% of its paying customers being Fortune 500 companies. However, with economic uncertainty, investors are advised to be cautious.

3 months ago
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