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Cloudflare (NET) Stock Gaps Up as Scotiabank Calls AI Traffic a Game-Changer

By Trader Edge at 2026-07-07 11:51

Sentiment: Positive

TLDR Scotiabank upgraded Cloudflare (NET) from Sector Perform to Sector Outperform, lifting its price target from $225 to $300. The stock gapped up on Tuesday, opening at $259.17 after closing at $247.55 the previous session — a move of roughly 4.7%. Analyst Patrick Colville cited AI traffic trends, Cloudflare Workers adoption, and enterprise wins as [...] The post Cloudflare (NET) Stock Gaps Up as Scotiabank Calls AI Traffic a Game-Changer appeared first on CoinCentral. Continue reading...

Categories: Stocks

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