Reported about 15 hours ago
Bank of America has recently upgraded Cloudflare's stock from Underperform to Buy, highlighting the company's improving fundamentals and notable growth potential within the AI sector. Analyst Madeleine Brooks increased the price target to $160, emphasizing that Cloudflare is poised to emerge as a leader in software as a service, particularly in AI applications. The upgrade has positively impacted the stock, which rose approximately 4% following the announcement.
Source: YAHOO