TD Cowen raised the firm’s price target on Cloudflare (NET) to $200 from $150 and keeps a Buy rating on the shares. The firm updated its model following meetings with management and came away believing despite an uncertain macro, demand for its platform remains strong as Internet and security mission criticality outweigh concerns and last week’s brief outage, caused by a 3rd party, was swiftly dealt with, leaving no impact.

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• Cloudflare price target raised to $235 from $160 at BofA

• Google Cloud suffered outage on Thursday, TechCrunch reports

• Google Cloud and Cloudflare (NET) Get Hit with Thousands of Outages

• Closing Bell Movers: Oracle jumps 7% after Q4 earnings beat

• Cloudflare announces $1.75B convertible senior notes offering