Cloudflare price target raised to $180 from $135 at JMP Securities

JMP Securities raised the firm’s price target on Cloudflare (NET) to $180 from $135 and keeps an Outperform rating on the shares. Cloudflare reported solid Q4 and full year 2024 results, with JMP calling the stock an AI story that is “unique” within its cyber coverage. The company’s emerging story around AI opportunities is equally singular, and should offer longer-term tailwinds for the stock, the analyst tells investors in a research note.