Fatima Boolani, an analyst from Citi, maintained the Buy rating on Cloudflare. The associated price target remains the same with $255.00.
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Fatima Boolani’s rating is based on Cloudflare’s strategic advancements in AI technology and its monetization strategies. The company’s recent product updates, particularly during its annual “Birthday Week,” have highlighted efforts to enhance developer productivity and ensure secure AI usage. These developments build on Cloudflare’s previous AI-focused initiatives, reinforcing its position as a leader in the AI space.
Furthermore, Cloudflare’s focus on expanding accessibility by eliminating “enterprise-only” product versions simplifies the adoption process and enhances brand visibility. This approach, combined with the company’s continued momentum in security and developer tools, positions Cloudflare to capitalize on the growing AI market. The anticipated growth in revenue and free cash flow generation supports a premium valuation, justifying the Buy rating.
According to TipRanks, Boolani is a 5-star analyst with an average return of 19.1% and a 65.46% success rate. Boolani covers the Technology sector, focusing on stocks such as Cloudflare, Okta, and Palo Alto Networks.