Piper Sandler lifts Cloudflare target to $250 after selloff
Piper Sandler analyst James Fish increased his price target for Cloudflare (NYSE:NET) to $250 from $222, maintaining an Overweight rating. This adjustment occurred despite a 15% after-hours stock drop.
Key Takeaways
- James Fish of Piper Sandler raised Cloudflare’s price target to $250 from $222.
- Piper Sandler kept an Overweight rating on Cloudflare (NYSE:NET).
- The target increase was issued after Cloudflare shares dropped 15% in after-hours trading.
Why It Matters
The immediate takeaway is that Piper Sandler still sees upside in Cloudflare even after a sharp 15% after-hours move lower. The move keeps the stock under an Overweight rating while marking up the firm’s valuation view from $222 to $250. For streaming infrastructure watchers, the signal is less about demand than about how Wall Street is reassessing Cloudflare after the latest stock reaction. Track whether other firms adjust their targets or ratings after the same after-hours move.
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