Reported about 24 hours ago
Cloudflare Inc. (NYSE: NET) has experienced a boost in its price target, raised from $135 to $200 by Scotiabank analyst Patrick Colville, following a strong second-quarter performance. Colville praised the company's robust product-market fit and highlighted its expanding role in AI infrastructure, particularly as a vital sub-processor for companies like OpenAI. While he noted limited adoption of certain solutions in non-tech sectors, there is optimism for increased momentum as enterprises adapt to AI demands.
Source: YAHOO