Wells Fargo analyst Andrew Nowinski believes Cloudflare (NET) was likely selected as the OHTTP provider in Apple’s (AAPL) new PCC architecture, which should provide a boost to revenue growth in FY25, given that it will be GA later this fall. Given that Apple did not disclose the third-party provider, “we may never hear confirmation of this win from management,” the firm acknowledges. Wells has an Overweight rating on Cloudflare’s shares with a price target of $105.
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