On October 9, Cloudflare, Inc. rose 3.32% in regular trading, trading at $352.25, with Turnover of $48.798 million. The move was driven by Oppenheimer raising its price target on the stock to $430 from $380, while maintaining an outperform rating.

The upward revision stands significantly above the FactSet consensus mean price target of $329.59, where the average rating is overweight. The new target implies further upside from current levels and helped lift investor sentiment after a prior session of profit-taking.

Cloudflare, Inc. operates as a cloud services provider offering integrated security, performance, and developer solutions, including zero trust services, web application firewall, bot management, content delivery, and edge computing products to businesses and governments worldwide.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)