Cloudflare, Inc. (NYSE:NET) is one of the best NYSE stocks to buy for long-term investment.
Morgan Stanley lifted the price target on Cloudflare, Inc. (NYSE:NET) to $305 from $245 on June 4 and maintained an Overweight rating on the shares
The rating update came ahead of the company’s investor day on June 9, with the firm stating that it anticipates increased clarity on the long-term margin framework, a deeper look at Edge AI and the Agentic Web, and incremental disclosure on platform adoption and Pool of Funds. Morgan Stanley added that it sees all of this reinforcing the company’s “competitive moat and monetization opportunity”. A close-up of a server array powering a cloud-services system.
In another development, Cloudflare, Inc. (NYSE:NET) announced on June 4 the acquisition of VoidZero, which is the open-source-first company behind the next-generation JavaScript tooling ecosystem Vite. Management stated that the acquisition would unify VoidZero’s high-performance tooling natively into the Cloudflare ecosystem, and this includes the former’s Vite build tool, Vitest test runner, Rust-based Rolldown bundler, and Oxc toolchain. Cloudflare, Inc. (NYSE:NET) provides cloud-based services to secure websites and offers a variety of products for video streaming and delivery, performance and reliability, insights, advanced security, domain registration, Cloudflare for developers, and Cloudflare marketplace.