Cloudflare stock jumps 6% as analysts lift targets on AI traffic — what to watch next
Cloudflare shares rose 5.8% to $195.85 Friday, outperforming the Nasdaq, and held steady after hours. The company posted Q4 adjusted earnings of $0.28 per share on $614.5 million revenue, up 34% year-over-year. Analysts raised price targets following strong backlog and outlook metrics. Investors await Cloudflare’s next conference and a shortened U.S. trading week.