Cloudflare gains; Scotiabank raises to 'sector outperform'
07/07/2026 10:36
BUZZ-Cloudflare gains; Scotiabank raises to 'sector outperform' ** Cloudflare NET.N shares rise 1.9% to $252.48 premarket
** Scotiabank upgrades to "sector outperform" from "sector perform"; raises PT to $300 from $225, implying a 21.2% upside to stock's last close
** Brokerage says rise in cyber spend with the latest frontier AI models expected to benefit co
** Traffic trends, which typically precede revenue by 3 quarters are inflecting due to agentic AI and will set Cloudflare up nicely to beat and raise Street numbers in second half of 2026 - Scotiabank
** Average rating of 36 analysts is "buy"; their median PT is $260 - data compiled by LSEG
** As of last close, stock up 25.6% YTD
(Reporting by Anhata Rooprai in Bengaluru)
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