Barclays analyst Saket Kalia initiated coverage of Cloudflare (NET) with an Overweight rating and $235 price target The company 20% of the internet across four accounts and is levered to cloud adoption, cybersecurity, artificial intelligence inference, and no-click search, the analyst tells investors in a research note. The firm sees this driving 27%-30% growth for Cloudflare through fiscal 2028. This warrants a premium valuation, contends Barclays.
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