10 AI News That Broke the Internet

7. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 44

Cloudflare, Inc.’s (NYSE:NET) provides cloud-based solutions integrating AI for enhanced security, performance, and zero-trust services across various platforms, including IoT and SaaS applications.

Jefferies raised its price target on Cloudflare Cloudflare, Inc. (NYSE:NET) to $125 from $100 while maintaining a Hold rating. The firm anticipates a slow start for software stocks in 2025 as investors adjust to changes under the new administration. Although material AI benefits are expected late in the year. Jefferies sees cybersecurity, including Cloudflare, as more resilient in the first half of 2025 due to strong fundamentals, though it will trail any broader AI-driven market recovery. More recently, Citi analyst Fatima Boolani also maintained a Hold rating on the company and raised the price target to $95 from $90.