William Blair analyst Jonathan Ho has maintained their bullish stance on NET stock, giving a Buy rating today.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Jonathan Ho has given his Buy rating due to a combination of factors that highlight Cloudflare’s strong market position and growth potential. The company has demonstrated robust financial performance by surpassing revenue expectations and maintaining solid free cash flow, despite challenging macroeconomic conditions. This achievement is attributed to improved sales strategies and effective market engagement, which have enabled Cloudflare to capitalize on its rapid innovation capabilities.
Additionally, Cloudflare’s strategic development of the model context protocol (MCP) in collaboration with Anthropic positions it as a key player in the AI infrastructure space. The company’s recent $100 million deal for its Workers platform underscores the significant opportunities available to optimize cloud spending for large enterprises. Furthermore, Cloudflare’s progress in the zero trust SASE portfolio, along with reduced pricing pressures, indicates its competitive edge and potential for continued growth in the cybersecurity market.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $150.00 price target.