From Yahoo Finance: 2025-06-09 12:17:00

Cloudflare, Inc. (NYSE:NET) is one of the 10 tech stocks on Wall Street’s radar. Oppenheimer raised its price target on NET from $165 to $200 and maintained an Outperform rating after discussions with the company’s VP of Strategic Finance & Investor Relations.

The firm is optimistic about Cloudflare’s growth prospects, citing momentum in SASE security and improvements in CASB and data loss prevention features. The Worker platform’s expanding capabilities are gaining traction among developers who prefer the shift-left approach.

New AI-focused edge computing technologies and a container service for AI workloads are reasons for Oppenheimer’s positive outlook. The firm predicts Cloudflare will exceed expectations for 2025, accelerate revenue growth beyond 30%, and reach a $5 billion ARR by 2028.

Cloudflare provides cloud-based security, performance, and network services to protect and optimize applications, websites, and data across platforms. The company offers security solutions, network services, and developer tools, including consumer products like VPN and DNS services.

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Read more: Oppenheimer Raises Price Target on Cloudflare (NET), Maintains Outperform Rating