Morgan Stanley Lifts PT on Cloudflare (NET)
Key takeaways
- Morgan Stanley Lifts PT on Cloudflare (NET) Noor Ul Ain Rehman Tue, June 9, 2026 at 11:43 PM GMT+7 2 min read NET MS Cloudflare, Inc.
- A close-up of a server array powering a cloud-services system.
- (NYSE:NET) announced on June 4 the acquisition of VoidZero, which is the open-source-first company behind the next-generation JavaScript tooling ecosystem Vite.
Morgan Stanley Lifts PT on Cloudflare (NET) Noor Ul Ain Rehman Tue, June 9, 2026 at 11:43 PM GMT+7 2 min read NET MS Cloudflare, Inc. (NYSE:NET) is one of the best NYSE stocks to buy for long-term investment. Morgan Stanley lifted the price target on Cloudflare, Inc. (NYSE:NET) to $305 from $245 on June 4 and maintained an Overweight rating on the shares. The rating update came ahead of the company’s investor day on June 9, with the firm stating that it anticipates increased clarity on the long-term margin framework, a deeper look at Edge AI and the Agentic Web, and incremental disclosure on platform adoption and Pool of Funds. Morgan Stanley added that it sees all of this reinforcing the company’s “competitive moat and monetization opportunity”.
A close-up of a server array powering a cloud-services system.
In another development, Cloudflare, Inc. (NYSE:NET) announced on June 4 the acquisition of VoidZero, which is the open-source-first company behind the next-generation JavaScript tooling ecosystem Vite. Management stated that the acquisition would unify VoidZero’s high-performance tooling natively into the Cloudflare ecosystem, and this includes the former’s Vite build tool, Vitest test runner, Rust-based Rolldown bundler, and Oxc toolchain.