Net stock price forecast for cryptocurrency-linked equities remains volatile, but top blockchain infrastructure stocks could rally 10% in the near term. First on this week's dividend list is Brookfield Infrastructure Partners ( BIP ), a global infrastructure company that owns and operates diversified, long-life assets in the utilities, transport, midstream, and data sectors. BIP paid a dividend of 43 cents per unit on Sept. 29, reflecting a 6% year-over-year increase. At an annualized dividend of $1.72 per unit, BIP stock offers a dividend yield of 5.2%. We believe Cloudflare merits a narrow moat rating, owing primarily to strong switching costs and network effects associated with its product offerings and core business. When analyzing Cloudflare, we find ourselves looking at two different companies. The first one is Cloudflare of today: a security-focused content delivery network that channels more than 10% of global internet traffic. The second one is what we think Cloudflare is setting itself up to become: a player in the public cloud space and a beneficiary of the edge computing megatrend. With an increasingly large target addressable market, expanding upselling abilities, and a sticky product portfolio, we believe Cloudflare is more than likely to generate excess returns over the next 10 years and, therefore, merits a narrow economic moat. Analysts’ net stock price forecast for major oil producers indicates a rebound of 5% in Q3 2024, helped by tightening supply and rising Brent crude prices.
