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Join the Gulf Business Business Breakfast on April 23, 2025, at the Metropolitan Hotel Dubai, focusing on technologies driving digital innovation in the region. The event features key speakers from leading companies in telecoms, AI, blockchain, and e-mobility, with discussions on industry transformation and regulatory impacts. Attendees will engage in dynamic panels, keynote speeches, and networking opportunities.
Bank of America has upgraded Cloudflare's stock rating from underperform to buy, raising the price target from $60 to $160, indicating a potential 23% upside from its recent closing price of $129.60. The upgrade reflects expectations for Cloudflare to grow by 30% by 2028, driven by increased investment in cybersecurity and AI services. A client poll suggests that businesses using Cloudflare are likely to boost their AI-related spending by 8% over the next year, highlighting the firm's appeal as a flexible and cost-effective alternative in the competitive AI infrastructure market.
Bank of America has upgraded Cloudflare's stock rating from "underperform" to "buy," raising its price target from $60 to $160, indicating a potential 23% upside from its recent closing price of $129.60. The firm is expected to grow by 30% by 2028, driven by increased investment in cybersecurity and AI services. With a significant rise in client purchases and a focus on flexibility and affordability in the competitive AI infrastructure market, Cloudflare is positioned as a preferred alternative to larger cloud providers.
Cloudflare (NET) has received a rare double upgrade from Bank of America, with analyst Madeline Brooks raising the stock rating from Sell to Buy and increasing the price target from $60 to $160. The firm anticipates Cloudflare will lead in AI-as-a-service, attracting new customers seeking AI benefits without infrastructure investment. Following the upgrade, Cloudflare's shares rose by up to 4%, reflecting an 18% increase this year and nearly 30% over the past 12 months.
Cloudflare's stock surged after Bank of America issued a rare double upgrade, highlighting the company's potential as a leading "AI winner" in cybersecurity. The bank projects a 30% growth by 2028, driven by increasing customer preference for Cloudflare's AI-as-a-Service over major competitors. Following strong fourth-quarter results, the price target was raised to $160, indicating a potential 23% upside.
Lloyds Banking Group is expanding its partnership with Oracle to enhance resilience and support its £4 billion transformation towards digital banking. The multi-year deal involves migrating Oracle databases to Oracle Cloud Infrastructure within Microsoft Azure, enabling faster service delivery and improved customer engagement. This strategic move aims to prevent outages and ensure high-performing services as the bank adopts a multi-cloud approach.
Blake Chandlee, TikTok's global advertising chief, is stepping down to take an advisory role as part of a reorganization effective April 1. His team will merge with the global monetization product technology team, now led by Will Liu. This change comes amid several leadership departures and a looming April 5 deadline for TikTok to finalize its US operations sale, with Oracle proposing a plan to maintain control over TikTok's algorithm.
Lloyds Banking Group has strengthened its partnership with Oracle to accelerate its cloud migration, enhancing product development and service resilience. The bank will transition its Oracle databases to Oracle Database@Azure, leveraging both Oracle Cloud Infrastructure and Microsoft Azure for improved performance and scalability. This multi-cloud approach aims to deliver faster, high-performing services to customers while supporting the bank's growth and innovation strategies.
Lloyds Banking Group is enhancing its partnership with Oracle to advance its multi-cloud strategy, moving Oracle databases to Oracle Database@Azure under a multi-year agreement. This transition allows for flexible deployment of databases on Oracle Cloud Infrastructure within Microsoft Azure data centers and on-premises, improving customer service speed and agility.CIO Joe Soule emphasized the importance of maximizing data use for innovation and faster service delivery. The collaboration aims to accelerate cloud adoption, enhancing performance, security, and resilience in the rapidly evolving financial services sector.
Lloyds Banking Group has enhanced its multi-cloud strategy by migrating its Oracle databases to Oracle Database@Azure, allowing for improved customer experiences and faster service delivery. This collaboration enables the bank to leverage Oracle Cloud Infrastructure within Microsoft Azure data centers, facilitating a flexible deployment model that supports both on-premises and cloud operations. The move aims to accelerate digital innovation and enhance the performance, security, and resilience of Lloyds' banking services.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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