William Blair analyst Jonathan Ho has maintained their bullish stance on NET stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that underscore Cloudflare’s long-term growth and efficiency potential. He views the recent 1,100-employee reduction as a strategic move to embed agentic AI into operations, primarily targeting support roles while preserving developer capacity, which should enhance scalability and margins despite some near-term execution risk.
Ho also highlights that Cloudflare’s latest quarter exceeded guidance on key metrics, with revenue growing materially faster than expectations and free cash flow meaningfully above consensus, demonstrating strong operational performance. He further notes rising momentum in the company’s AI and zero trust offerings, including rapid expansion of its Workers developer base, and believes the current share-price pullback offers an attractive entry point given these solid fundamentals and future growth drivers.
According to TipRanks, Ho is an analyst with an average return of -1.9% and a 43.37% success rate. Ho covers the Technology sector, focusing on stocks such as Tyler Technologies, Rapid7, and Via Transportation, Inc. Class A.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $265.00 price target.