Cloudflare (NYSE:) held its Analyst Day yesterday throughout which the administration highlighted a collection of latest merchandise that may assist the corporate develop its TAM.

Listed here are feedback from 3 analysts who attended the occasion.

Wells Fargo’s Andrew Nowinski (Chubby, PT to $60 from $70): “Whereas the corporate has various development drivers that ought to allow ~50%+ development going ahead, we imagine the present market backdrop will restrict a number of growth.”

Morgan Stanley’s Keith Weiss (Equal Weight, $100): “Investor Day highlighted each the extent to which Cloudflare’s prolific innovation engine has expanded the market alternative, now at $135 billion, and strong traction throughout the newer resolution classes driving constant growth of NRR, now at 127%, and supporting a 50%+ income CAGR.”

Cowen’s Shaul Eyal (Outperform, $200): “Key takeaways embody the next: (1) NET’s rising TAM alternative of $115B offers the backdrop for sustainable >45% development within the coming years, (2) NET expects to be free money stream constructive in 2H22, (3) bettering new product connect charges replicate solely the tip of the iceberg for up-sell/cross-sell alternatives, and (4) the march towards the high-end enterprise stays intact.”

NET inventory is up 4.5% in pre-market Friday.

By Senad Karaahmetovic