Cloudflare (NYSE:NET) climbed 4% during Thursday trading after receiving a double upgrade to Buy from Sell by Goldman Sachs. The financial services firm sees 28% upside to its updated 12-month price target of $140.

Goldman Sachs analyst Xuan Tan upgraded Thai Beverage (TBVPF) to Buy from Neutral with a price target of S$0.72, up from S$0.61. The firm says that after a “volatile few years,” Vietnam beer consumption should revert to its “high growth path” in 2025 with a macro recovery and easing impact from Decree 100.

Cloudflare benefits from improving sales productivity and an appetite for artificial intelligence, say analysts.

Cloudflare Inc. (NET) stock surged over 5% in midday trading on Thursday after Goldman Sachs issued a double upgrade on its shares. The brokerage revised its rating to ‘Buy’ from ‘Sell’ and nearly doubled the price target from $77 to $140,

Fintel reports that on January 2, 2025, Goldman Sachs upgraded their outlook for Cloudflare (NYSE:NET) from Sell to Buy. Analyst Price Forecast Suggests 7.72% Downside As of December 23, 2024, the average one-year price target for Cloudflare is $99.