Cloudflare's AI Boost, 79% YTD Gains

Cloudflares stock surged by 2.6% in the afternoon session, driven by investor enthusiasm for AI and gains in tech leaders like Nvidia and Micron. The stock closed at $201.76, up 3.1% from the previous day, building on strong Q2 earnings. Despite volatility, Cloudflares stock is up 79.3% this year, rewarding long-term investors. Analysts predict 27-30% annual revenue growth through 2028, with a price target of $235, leaving room for further gains as AI demand persists.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.