TD Cowen analyst Shaul Eyal has reiterated their bullish stance on NET stock, giving a Buy rating today.
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Shaul Eyal has given his Buy rating due to a combination of factors, including Cloudflare’s strong top-line momentum and accelerating demand trends. The company posted robust revenue growth alongside a sharp increase in remaining performance obligations and nearly 50% expansion in new annual contract value, capped by its largest deal to date, while also demonstrating solid free cash flow margins and improved net retention among large customers.
Eyal also points to rapidly strengthening AI-related tailwinds and sales execution as key supports for the Buy thesis. Cloudflare’s network and Workers platform are seeing rising AI agent workloads and an expanding developer base, while sales productivity and capacity are improving with record quota attainment, leading him to raise forward revenue projections and reinforcing confidence in management’s path toward its multi‑year ARR target.
In another report released today, Robert W. Baird also upgraded the stock to a Buy with a $260.00 price target.