Morgan Stanley is optimistic about Cloudflare (NET.US) ahead of earnings: Strong AI-related demand and sustainable growth support high valuation

Smart Finance APP reports that Morgan Stanley has released a Q3 earnings preview report for Cloudflare (NET.US), maintaining an "Overweight" rating on the stock with a target price of $370. The firm believes that rising consumption, accelerated developer adoption, and AI/agent workloads are providing Cloudflare with multiple growth levers, likely supporting revenue growth in Q3, Q4, and 2027 to remain in the mid-30% range. The latest partner checks indicate robust demand in CDN/application security, Workers, SASE, and the broader AI sector, with a healthy order pipeline and continued large order activity.