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Cloudflare's stock surged approximately 4% following a significant upgrade from Bank of America, which raised its rating from 'Underperform' to 'Buy' and increased the price target from $60 to $160. Analyst Madeleine Brooks highlighted the company's strong fundamentals and unique AI capabilities, positioning it as a potential leader in software-as-a-service. Despite a mixed analyst consensus, with 50% recommending a Buy and 40% a Hold, the market's positive response reflects confidence in Cloudflare's growth trajectory and enduring appeal in the tech sector.
Bank of America has upgraded Cloudflare's stock from underperform to buy, highlighting its improving fundamentals and potential as a leader in AI software. The price target has been raised to $160 from $60, reflecting confidence in the company's differentiated AI positioning. Despite this positive outlook, market sentiment remains mixed, with 50% of analysts rating it a buy and 40% a hold.
Madeleine Brooks
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Cloudflare stock rises after Bank of America upgrades price target to 160
United States Dollar
Cloudflare, Inc.
Bank of America Corporation
USA
Madeleine Brooks
Kenny Polcari
17:32 25.03.2025
Bank of America upgrades Cloudflare to buy citing strong AI growth potential
15:51 25.03.2025
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