JMP Securities analyst Trevor Walsh raised the firm’s price target on Cloudflare to $90 from $75 and keeps an Outperform rating on the shares. The firm’s mix of recent data points skew positive, and despite debate on upcoming directional changes to interest rate and economic forecasts, cybersecurity remains a critical imperative, as the industry faces significant attacks, weaponized AI, a continued cybersecurity skills gap, and SEC regulation ramifications, the analyst tells investors in a research note.
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