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Tech Stocks Surge: Cloudflare Leads with Anti-Bot Tools, Micron Unveils New Logo

AInvestThursday, Oct 10, 2024 6:30 pm ET
1min read
1. Cloudflare (NYSE: NET)
Cloudflare surged by 8.84%. Cloudflare announced new anti-bot tools to block AI scrapers. Meanwhile, Exane BNP Paribas initiated coverage with an underperform rating and a $65 price target. Cloudflare also disclosed multiple insider trading activities in September and October 2024.

2. Crowdstrike Holdings (Nasdaq: CRWD)
Crowdstrike Holdings gained solidly by 5.56%. Exane BNP Paribas initiated coverage of CrowdStrike Holdings with a neutral rating and a $285 price target. JMP Securities reiterated a market outperform rating with a $400 target. Canaccord Genuity maintains a buy rating with a $330 target. Keybanc keeps overweight, raising the target to $345.

3. Datadog (Nasdaq: DDOG)
Datadog gained solidly by 3.94%. Datadog disclosed multiple insider transactions in early October, including sales by OBSTLER DAVID and Shah Shardul, and a purchase by Pomel Olivier. Exane BNP Paribas initiated coverage with an "Outperform" rating, targeting $150. DA Davidson upgraded Datadog to "Buy," raising the price target to $140.

4. Micron Technology (Nasdaq: MU)
Micron Technology gained solidly by 3.92%. Micron Technology unveiled a new logo inspired by wafer precision, reflecting its technological leadership. Keybanc and Cantor Fitzgerald maintained an "Overweight" rating, with new price targets of $135 and $150 respectively. Micron reported FY2024 revenue of $25.11 billion and net income of $7.78 billion.

5. Atlassian (Nasdaq: TEAM)
Atlassian gained solidly by 3.9%. Atlassian disclosed multiple insider transactions from October 1-10, 2024, involving significant share sales by major shareholders Scott Farquhar and Cannon-Brookes Michael. Canaccord Genuity maintained a Buy rating, raising the target price to $225. Raymond James upgraded Atlassian to Outperform, setting a $200 target.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.