Cloudflare (NYSE:NET) jumped 10.59% to $156.50 in regular trading as of 9:37 AM ET on Friday after reporting strong fourth-quarter earnings that topped expectations, drawing praise from analysts.
Needham reiterated its Buy rating and raised its price target to $185 from $160, highlighting Cloudflare's record number of paying customers and continued growth in $1 million+ new customer additions. The firm also noted improving sales representative productivity and expects a revenue boost in the second half of 2025.
Morgan Stanley maintained its Overweight rating, increasing the price target to $154 from $140. Analysts cited strong Q4 results and a 2025 outlook that signals accelerating topline growth, aided by Edge AI expansion. They see a potential bull case of $200 if revenue growth surpasses 30% by year-end.
JMP Securities reiterated its Market Outperform rating, lifting the price target to $180 from $135, emphasizing Cloudflare's unique platform vision and growing AI-driven opportunities. Jefferies, while keeping a Hold rating, raised its price target to $170 from $145, noting that Cloudflare beat revenue guidance by 1.9%, the second-highest beat in 10 quarters.
Cloudflare's stock has surged on expectations of improving sales efficiency, AI tailwinds, and strong customer acquisition, positioning it for further growth in 2025.
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