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-0.00149818640592965 -0.00197129790253903 0.00134048257372656 -0.00410029963728127 -0.00441570730168745 -7.88519161016016E-05 0.00509777637596596 -0.00118277874152346
Stock impact report

Cloudflare Stock Jumps as BofA Gives Rare Double Upgrade to 'True AI Winner' [Yahoo! Finance]

Cloudflare, Inc. Class A (NET) 
Last cloudflare, inc. class a earnings: 2/13 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The cybersecurity company is "poised to be a true 'AI winner,'" the bank said. Customers are increasingly opting for Cloudflare's AI-as-a-Service over offerings from hyperscalers like Amazon and Microsoft. Cloudflare ( NET ) shares jumped Tuesday after Bank of America analysts gave the stock a double upgrade, citing strong growth potential in artificial intelligence and security. The cybersecurity firm is “poised to be one of the true ‘AI winners' in software,” BofA said, projecting 30% growth by 2028 driven by “AI and security momentum.” The bank upgraded the company to “buy” from “underperform” and raised its price target to $160 from $60. That implies roughly 23% upsides after shares of Cloudflare climbed more than 4% intraday to $129.60. Cloudflare's AI-as-a-Service represents a differentiated approach to artificial intelligence, BofA said, and one that customers are “increasingly choosing” over hyperscalers like Amazon ( AMZN ) Web Services, Oracle ( ORCL ) and Microsoft Show less Read more
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