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Bank of America Boosts Cloudflare Stock to 'Buy'

3/25/2025

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Summary

Story summary

Bank of America has given Cloudflare stock a boost by upgrading it to "buy," fueled by expectations of robust growth in AI and security services. Analysts foresee Cloudflare emerging as a frontrunner in AI-as-a-Service, with customer spending anticipated to climb 8% to $100,000 per client. Following the news, the stock surged over 4%, showcasing a wave of optimism in the market.

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Story summary

Bank of America has given Cloudflare stock a boost by upgrading it to "buy," fueled by expectations of robust growth in AI and security services. Analysts foresee Cloudflare emerging as a frontrunner in AI-as-a-Service, with customer spending anticipated to climb 8% to $100,000 per client. Following the news, the stock surged over 4%, showcasing a wave of optimism in the market.