3 Cloud Stocks to Watch as Analysts Turn Bullish

Group 1: Cloud Companies Performance - Cloudflare Inc (NYSE:NET) received an upgrade from Morgan Stanley to "overweight" from "equal weight," with a price target increase to $130 from $92, highlighting its potential for sustained revenue growth [1] - Akamai Technologies, Inc. (NASDAQ:AKAM) and Fastly Inc (NYSE:FSLY) were also upgraded to "outperform" from "perform" by Oppenheimer, indicating positive analyst sentiment towards these companies [1] - Cloudflare's stock rose 6.2% to $106.04, marking its highest level since February, with a 27.8% lead projected for 2024 [1] Group 2: Akamai Technologies (AKAM) - AKAM's stock increased by 4.7% to $98.46, on track for a third consecutive gain, recovering from a 52-week low of $84.70 [2] - The stock is currently testing its 50-day moving average after a significant 14.8% drop post-earnings on November 8, and has decreased by 17.2% year-to-date [2] Group 3: Fastly Inc (FSLY) - FSLY's stock rose 18.4% to $10.08, aiming for its fourth gain in the last five sessions, after a period of consolidation around $8 [3] - The stock is now at its highest level since a 30% drop following earnings in May, although it has lost over 44% in the past 12 months [3]