Attractive entry point: JPMorgan upgrades Cloudflare to "Overweight" ahead of quarterly results
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Buy rating before earnings date: JPMorgan raises the rating for Cloudflare from "Neutral" to "Overweight"; the price target remains at $350. "Attractive" valuation level: A 20% decline in the share price over the past month presents an attractive entry opportunity, according to the U.S. bank. Accelerated growth: Analysts expect the edge and cloud specialist to accelerate its revenue growth to over 35% in the medium term. Ahead of the upcoming quarterly results on November 5th, U.S. investment bank JPMorgan positions...
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