Jim Cramer Says Tech Might Be “Favored” & Discusses 13 Stocks

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5. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders In Q4 2024: 55

Cloudflare, Inc. (NYSE:NET) is a software company that provides cybersecurity and other associated services. In a show aired in February, Cramer shared that he had added the firm to his portfolio. He outlined that Cloudflare, Inc. (NYSE:NET) is broadening its moat to expand its total addressable market. Cloudflare, Inc. (NYSE:NET)’s shares are up by 17.4% over the past year. Here are Cramer’s latest remarks about the firm:

“You wanna talk Cloudflare? A Sell to a Buy at Bank of America? It goes from price target 60 to 160? I have Mathew Prince on regularly, okay. Mathew Prince has done more cybersecurity and internet and also he does the. . he protects voting. . .but he has a very solid internet secure plan. And why anyone would say sell that company? It is extraordinarily wrong. But I like the fact that at least he owned up.”

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