William Blair analyst Jonathan Ho has maintained their bullish stance on NET stock, giving a Buy rating today.
Jonathan Ho has given his Buy rating due to a combination of factors that highlight Cloudflare’s strategic positioning and growth potential. The company has made significant strides in developing its agentic AI and Cloudflare Workers platform, which are seen as key opportunities for future growth. The analyst day in New York City provided insights into these developments, leaving a positive impression on the potential of Cloudflare’s platform to capture a larger share of the enterprise market.
Moreover, Cloudflare’s approach to maximizing the utilization of GPU and CPU-based compute allows it to invest efficiently, aligning with demand as it materializes. This strategy, coupled with the growing adoption of Cloudflare Workers by over 3 million developers, signals strong platform adoption. The company’s efforts to enhance its go-to-market strategy are also yielding results, particularly in selling to large enterprise customers, which remains a largely untapped market. Additionally, Cloudflare’s investments in agentic AI are viewed as a disruptive opportunity, positioning the company to capitalize on shifts in internet monetization models driven by AI advancements.
According to TipRanks, Ho is a 4-star analyst with an average return of 10.7% and a 53.57% success rate. Ho covers the Technology sector, focusing on stocks such as CyberArk Software, Cellebrite DI, and Akamai.
In another report released today, TD Cowen also reiterated a Buy rating on the stock with a $162.00 price target.
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