Cloudflare Upgraded to Sector Outperform by ScotiaBank Amid AI Traffic Boost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 hours ago
0mins
Source: seekingalpha
- Rating Upgrade: ScotiaBank has upgraded Cloudflare to Sector Outperform and raised its price target to $300, reflecting strong confidence in the company's future growth potential.
- AI Traffic Growth: Analysts note that with the rise of artificial intelligence, Cloudflare's traffic trends are improving, which is expected to drive the company to exceed market expectations in the second half of 2026, with revenue growth anticipated to manifest three months earlier.
- Customer Base Expansion: Cloudflare is winning top-tier AI-native customers, which not only validates its architecture but also provides a broad runway for future growth, further solidifying its market position.
- Increased Cybersecurity Spending: As cutting-edge AI models drive an increase in cybersecurity spending, Cloudflare stands to benefit, with analysts believing this will create new revenue streams and market opportunities for the company.
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Analyst Views on NET
Wall Street analysts forecast NET stock price to rise
25 Analyst Rating
15 Buy
10 Hold
0 Sell
Moderate Buy
Current: 247.550
Low
131.00
Averages
253.24
High
318.00
Current: 247.550
Low
131.00
Averages
253.24
High
318.00
About NET
Cloudflare, Inc. is a connectivity cloud company. The Company delivers a range of services to businesses of all sizes and in all geographies, enhancing the performance of business-critical applications. Its full suite of products consists of application services that help deliver security, performance, and reliability for any organization's applications connected to the Internet, including Websites and application programming interfaces (APIs) and its secure access service edge (SASE) platform, which contains its suite of and workplace security services and network services solutions to help ensure traffic in and out of an organization’s network and devices is verified and authorized and data is protected and secured, as well as to securely connect data centers, cloud services, and branch offices to an organization with its connectivity cloud. The Company also offers developer-based solutions which build and deploys serverless and artificial intelligence applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Product Showcase: At CYDES 2026, QSE will present its four core offerings, including Quantum Preparedness Assessment, Quantum Authentication, Quantum Secure Storage, and Cryptographic Migration Solutions, aimed at helping enterprises identify risks and formulate response strategies.
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See More
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- Customer Base Expansion: Cloudflare is winning top-tier AI-native customers, which not only validates its architecture but also provides a broad runway for future growth, further solidifying its market position.
- Increased Cybersecurity Spending: As cutting-edge AI models drive an increase in cybersecurity spending, Cloudflare stands to benefit, with analysts believing this will create new revenue streams and market opportunities for the company.
See More
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