Cloudflare (NET) Draws Fresh Optimism After Earnings Beat, KeyBanc Reiterates Overweight

Cloudflare, Inc. (NYSE:NET) is one of the AI stocks currently on Wall Street’s radar.

Delivering its “best quarter of 2025,” an AI stock on Wall Street’s radar post earnings has been Cloudflare. On February 11, KeyBanc analyst Jackson Ader reiterated an Overweight rating and $300.00 price target.

According to the firm, Cloudflare exceeded the firm’s estimates by over $24 million, a 4.2% beat against expectations. It was another quarter of acceleration, noted the firm, demonstrating continued acceleration in its growth momentum.

The company’s guidance for 2026 reflects almost 29% growth at the midpoint, with the firm suggesting that acceleration to 30% growth in 2026 is “plenty achievable.”

Cloudflare (NET) Draws Fresh Optimism After Earnings Beat, KeyBanc Reiterates Overweight

KeyBanc further noted that Cloudflare is expected to continue its acceleration into 2026, with its revenue momentum keeping it Overweight on the stock.

“On a full-year basis, NET is set to continue to accelerate in 2026 to over 30% with net-new ACV growing nearly 50% in 4Q25. It was the highest growth since 2021 and was aided by the largest ACV deal in history. Momentum in revenue keeps us Overweight on the stock.”

Cloudflare, Inc. (NYSE:NET) is a cloud services provider that powers AI workloads through its Workers AI platform.

While we acknowledge the potential of NET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NET and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.