Cloudflare (NET) shares rose 2.32% to close at $163.91, recovering from a recent sector pullback despite intraday volatility triggered by a 15% White House tariff hike announcement. Analysts at RBC and Citigroup maintain a positive long-term outlook with price targets up to $265, citing AI-driven growth potential.
- The stock showed resilience alongside a 1.13% NASDAQ gain, even after falling 8.9% earlier in the session following the tariff news.
- While Q4 revenue reached $614.51M, the market remains focused on long-term prospects despite full-year EPS guidance missing initial estimates.
- Closing price was $163.91 (+2.32%) with after-hours trading showing a slight dip to $163.80 (-0.07%).