Stifel Reiterates Buy Rating on Cloudflare Inc. (NET)

Stifel analyst Adam Borg reiterated a Buy rating and $230.00 price target on Cloudflare Inc. (NYSE: NET).

The analyst commented, "We hosted Cloudflare’s CEO Matthew Prince at Stifel's 2025 Tech Executive Summit, where we covered a number of topics including Cloudflare’s organizational maturity, Zero Trust, AI, and Act 4, among others.Net/net, we come away confident in Cloudflare’s opportunity across various focus areas. Given a broadening portfolio, continuing signs of GTM improvements, and emerging Zero Trust and AI opportunities, we believe Cloudflare has plenty of opportunity to drive 25%-30%+ growth and operating margin/FCF expansion in the coming years.While shares are certainly not cheap, we believe that shares can continue moving higher as self-help dynamics, and solid technology levered to many secular trends, can help Cloudflare deliver financial/stock outperformance. We continue to believe Cloudflare offers the most upside optionality in our coverage universe in coming years."

For an analyst ratings summary and ratings history on Cloudflare Inc. click here. For more ratings news on Cloudflare Inc. click here.

Shares of Cloudflare Inc. closed at $213.42 yesterday.

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