Cloudflare Stock Pops on Brand-New "Overweight" Rating

Cloudflare Inc (NYSE:NET) stock is up 4.4% at $205.92 at last check, after Barclays initiated coverage with an "overweight" rating and price target of $235. The firm cited a number of reasons, including the increased adoption of cloud computing, need for cybersecurity, and advancements in AI. Analysts are fairly split on Cloudflare stock. Of the 36 in coverage, 20 now carry a "buy" or better rating, with 16 a "hold" or worse. Meanwhile, the 12-month consensus price target of $239.21 is a 17.6% premium to cu ...