** Cloudflare NET.N shares rise 1.9% to $252.48 premarket

** Scotiabank upgrades to "sector outperform" from "sector perform"; raises PT to $300 from $225, implying a 21.2% upside to stock's last close

** Brokerage says rise in cyber spend with the latest frontier AI models expected to benefit co

** Traffic trends, which typically precede revenue by 3 quarters are inflecting due to agentic AI and will set Cloudflare up nicely to beat and raise Street numbers in second half of 2026 - Scotiabank

** Average rating of 36 analysts is "buy"; their median PT is $260 - data compiled by LSEG

** As of last close, stock up 25.6% YTD