Cloudflare Rises as Scotiabank Highlights AI, SASE Leadership with Outperform Rating
Scotiabank boosts Cloudflare price target to $300 (one of the highest on Street) citing strong AI-native momentum and SASE growth.
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Scotiabank boosts Cloudflare price target to $300 (one of the highest on Street) citing strong AI-native momentum and SASE growth.
Investors fear the AI rally may be peaking.
Several top U.S. banks are discussing the purchase of Fiserv’s debit card processing network. They hope to escape strict fee rules and make more from every debit swipe.
Rivian Automotive lifted its second-quarter revenue projection above estimates, driven by electric vans and R1/R2 demand. However, a $1.5B share offering weighed on RIVN stock.
After a 27% pullback, the bank sees strong fundamentals, domestic manufacturing advantages, and upcoming Section 232 tariff clarity as key catalysts.
The move strengthens its U.S. defense portfolio and raises 2026 revenue guidance to $525M.