TD Cowen analyst Shaul Eyal has reiterated their bullish stance on NET stock, giving a Buy rating on July 11.
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Shaul Eyal’s rating is based on several compelling factors that highlight Cloudflare’s strong market position and growth potential. The company is experiencing robust demand for its internet infrastructure and security solutions, driven by increasing enterprise adoption and deeper platform penetration. Eyal anticipates a clear path for Cloudflare to achieve $5 billion in annual recurring revenue by fiscal year 2028, with growth expected to accelerate by fiscal year 2026.
Cloudflare’s momentum is evident across various operational aspects, including product traction, sales productivity, and a strong pipeline. The company’s strategic focus on a partner-first go-to-market approach is further enhancing its platform adoption. Despite a significant year-to-date increase in share price, Eyal remains optimistic about Cloudflare’s performance, citing continued innovation in AI infrastructure and strategic partnerships with leading digital players. The company’s ambitious targets for operating and free cash flow margins underscore its potential for sustained growth, justifying the Buy rating and a price target of $200.
In another report released on July 11, Morgan Stanley also maintained a Buy rating on the stock with a $225.00 price target.