BTIG raised the firm’s price target on Cloudflare (NET) to $243 from $199 and keeps a Buy rating on the shares. The company delivered exceptional Q4 results and provided an initial 2026 growth outlook that was well above expectations, the analyst tells investors in a research note. The company is seeing elevated demand stemming from AI adoption across all major acts or product categories – Application Services, Zero Trust, and Developer Services, the firm added.
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