Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Cloudflare stock outlook: Oppenheimer sees 17% upside By: Invezz November 21, 2023 at 11:49 AM EST Cloudflare Inc (NYSE: NET) has already rallied a whopping 80% over the past seven months but an Oppenheimer analyst still sees further gains ahead.Cloudflare stock has upside to $85On Tuesday, Timothy Horan upgraded the content delivery company to “outperform”. His $85 price objective suggests another 17% upside from here.The Oppenheimer analyst turned bullish on Cloudflare stock today because he expects the New York listed firm to benefit from edge computing.The company is well-positioned to offer edge compute at scale, consolidating compute/security/networking on one infrastructure enabling one common developer platform.The said platform has seen interesting use cases and solid demand since its inception some two months ago. Earlier this month, Anonymous Sudan – a highly prolific threat group said it was behind the sophisticated DDoS campaign that recently took down Cloudflare’s website.🚨🚨 New Video ReleasedAnonymous Sudan released a new video informing people that @Cloudflare is no longer able to protect them. This is in reference to them finding an exploit in the Cloudflare service that allows them to bring it down. Cloudflare is known as the leader in… pic.twitter.com/wprdqiCQHx— Hacker Thread (@hackerthread) November 18, 2023Cloudflare could benefit from AI tailwindsTimothy Horan recommends owning Cloudflare stock also because it is well-positioned to benefit from the rapid growth in artificial intelligence. His research note reads:It is also deploying AI infrastructure on this platform called Workers AI and is partnering with some of the largest technology companies.The Oppenheimer analyst is convinced that the AI tailwinds will help the California-based company overcome concerns related to free cash flow and gross margin compression.Watch here: https://www.youtube.com/embed/6bCArjDGpUU?feature=oembedHis bullish note arrives only weeks after Cloudflare reported market-beating results for its fiscal third quarter. The cloud stock still declined because the management issued full-year guidance that slightly missed consensus estimates.The post Cloudflare stock outlook: Oppenheimer sees 17% upside appeared first on Invezz Related Stocks: Bio-Techne Corp C3.ai, Inc. Cloudflare Inc Cl A Liberty All Star Equity Fund Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Cloudflare stock outlook: Oppenheimer sees 17% upside By: Invezz November 21, 2023 at 11:49 AM EST Cloudflare Inc (NYSE: NET) has already rallied a whopping 80% over the past seven months but an Oppenheimer analyst still sees further gains ahead.Cloudflare stock has upside to $85On Tuesday, Timothy Horan upgraded the content delivery company to “outperform”. His $85 price objective suggests another 17% upside from here.The Oppenheimer analyst turned bullish on Cloudflare stock today because he expects the New York listed firm to benefit from edge computing.The company is well-positioned to offer edge compute at scale, consolidating compute/security/networking on one infrastructure enabling one common developer platform.The said platform has seen interesting use cases and solid demand since its inception some two months ago. Earlier this month, Anonymous Sudan – a highly prolific threat group said it was behind the sophisticated DDoS campaign that recently took down Cloudflare’s website.🚨🚨 New Video ReleasedAnonymous Sudan released a new video informing people that @Cloudflare is no longer able to protect them. This is in reference to them finding an exploit in the Cloudflare service that allows them to bring it down. Cloudflare is known as the leader in… pic.twitter.com/wprdqiCQHx— Hacker Thread (@hackerthread) November 18, 2023Cloudflare could benefit from AI tailwindsTimothy Horan recommends owning Cloudflare stock also because it is well-positioned to benefit from the rapid growth in artificial intelligence. His research note reads:It is also deploying AI infrastructure on this platform called Workers AI and is partnering with some of the largest technology companies.The Oppenheimer analyst is convinced that the AI tailwinds will help the California-based company overcome concerns related to free cash flow and gross margin compression.Watch here: https://www.youtube.com/embed/6bCArjDGpUU?feature=oembedHis bullish note arrives only weeks after Cloudflare reported market-beating results for its fiscal third quarter. The cloud stock still declined because the management issued full-year guidance that slightly missed consensus estimates.The post Cloudflare stock outlook: Oppenheimer sees 17% upside appeared first on Invezz Related Stocks: Bio-Techne Corp C3.ai, Inc. Cloudflare Inc Cl A Liberty All Star Equity Fund
