William Blair analyst Jonathan Ho has maintained their bullish stance on NET stock, giving a Buy rating on November 10.
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Jonathan Ho has given his Buy rating due to a combination of factors surrounding Cloudflare’s strategic acquisition of Replicate. This move is seen as a significant enhancement to Cloudflare’s AI capabilities, as it integrates Replicate’s extensive catalog of AI models into the Workers AI developer platform, simplifying the deployment of AI models globally.
By acquiring Replicate, Cloudflare is reducing the complexity of AI application development, making it a more attractive option for enterprises interested in AI-based applications. The integration of Replicate’s technology is expected to streamline the development process, reduce infrastructure challenges, and accelerate the time-to-market for new AI features. Cloudflare’s robust security, performance, and global reach further solidify its position as a compelling choice for organizations exploring AI solutions.
In another report released on November 10, Oppenheimer also initiated coverage with a Buy rating on the stock with a $300.00 price target.