Movement Alert|Cloudflare, Inc. Rises 3.01% in Regular Trading, AI Summit and New AI Training Controls Fuel Gains

Market Focus09-17

On September 17, Cloudflare, Inc. rose 3.01% in regular trading, trading at $334.415/share, with turnover of $190 million.

On the news front, Cloudflare hosted its Cloud AI Summit on the same day, focusing on AI infrastructure engineering and real-world deployment. Additionally, the company recently launched a new feature called \"Disallow AI Training,\" which allows website administrators to accept search engine crawling while simultaneously blocking their content from being used for AI model training. Apple, Google, and Microsoft have all committed to comply with this setting, reinforcing Cloudflare's strategic position in AI traffic governance.

The launch follows a string of positive developments. Earlier, Oppenheimer reaffirmed its outperform rating and raised its price target to $380 from $330, citing further upside from unprecedented growth in agentic AI traffic and Cloudflare's edge computing advantages powered by its V8 isolate technology. Morgan Stanley and Mizuho also raised their targets to $370 and $375 respectively following strong Q2 results and an upwardly revised full-year revenue outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment