12 AI News Investors Probably Missed

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9. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 44

Cloudflare, Inc. (NYSE:NET) offers cloud services that leverage AI to strengthen security, performance, and zero-trust capabilities across platforms like IoT and SaaS applications.

On January 28, JMP Securities raised Cloudflare’s (NYSE:NET) price target to $135 from $120, maintaining an Outperform rating ahead of its Q4 earnings. The firm highlights Cloudflare as a key player in the AI-driven landscape and noted positive feedback from industry experts and strong momentum in security service edge products.

On the same day, Truist increased Cloudflare’s price target to $140 from $120 while maintaining a Buy rating ahead of Q4 earnings. The firm expects strong Q4 results with cautious guidance, supporting potential beat-and-raise momentum in 2025. Customer and partner feedback suggests steady demand and an unchanged macro environment.

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