William Blair analyst Jonathan Ho has maintained their bullish stance on NET stock, giving a Buy rating on July 28.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Cloudflare’s strategic positioning and growth potential. The company is uniquely situated at the intersection of traditional content providers and AI crawlers, which positions it to leverage network effects and new monetization models. This central role could allow Cloudflare to act as a hub in the evolving agentic AI ecosystem, potentially driving further adoption of its solutions.
Moreover, Cloudflare’s strong quarterly performance, characterized by revenue and pro forma EPS exceeding expectations, underscores its successful execution and strategic partnerships. The company’s ability to secure large deals and expand its sales force further strengthens its position as a key player in cloud security and SASE, offering significant growth opportunities. These factors collectively support the Buy rating, reflecting confidence in Cloudflare’s future prospects.
Ho covers the Technology sector, focusing on stocks such as Tyler Technologies, Fastly, and Cloudflare. According to TipRanks, Ho has an average return of 9.6% and a 55.56% success rate on recommended stocks.
In another report released on July 28, Citizens JMP also maintained a Buy rating on the stock with a $225.00 price target.