Cloudflare (NYSE:NET) Price Target Raised to $382.00

Key Points

• BTIG Research raised Cloudflare’s price target from $314 to $382 and maintained a “Buy” rating, implying 34.83% upside from the stock’s quoted price. The broader analyst consensus is “Moderate Buy,” with an average target of $272.31.
• Cloudflare exceeded quarterly expectations: EPS came in at $0.29 versus $0.27 expected, while revenue grew 35.9% year over year to $696.1 million. The company also raised its full-year revenue outlook, citing strong demand related to artificial intelligence.
• Risks include elevated valuation and insider selling. Cloudflare’s market capitalization is approximately $100 billion despite negative net margins, while insiders have sold roughly $183.9 million in shares over the past 90 days, primarily under pre-arranged trading plans.

Cloudflare (NYSE:NET - Get Free Report) had its price target raised by stock analysts at BTIG Research from $314.00 to $382.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's price target indicates a potential upside of 34.83% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group set a $350.00 price objective on shares of Cloudflare in a research note on Friday. Oppenheimer lifted their target price on shares of Cloudflare from $300.00 to $330.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a "buy" rating in a research report on Tuesday, July 7th. Scotiabank upgraded Cloudflare from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $225.00 to $300.00 in a report on Tuesday, July 7th. Finally, TD Cowen reissued a "buy" rating on shares of Cloudflare in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Cloudflare has a consensus rating of "Moderate Buy" and an average target price of $272.31.

Cloudflare Stock Down 3.3%

Shares of NYSE:NET opened at $283.33 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare has a 1 year low of $158.83 and a 1 year high of $305.00. The stock has a market capitalization of $100.15 billion, a P/E ratio of -1,133.31, a PEG ratio of 219.10 and a beta of 1.65. The stock has a 50-day simple moving average of $255.83 and a 200-day simple moving average of $218.26.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company's revenue was up 35.9% on a year-over-year basis. Equities analysts forecast that Cloudflare will post 0.03 earnings per share for the current year.

Insider Activity

In related news, CFO Thomas J. Seifert sold 55,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer directly owned 113,790 shares of the company's stock, valued at approximately $34,171,137. This trade represents a 32.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark J. Hawkins sold 133 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $277.74, for a total transaction of $36,939.42. Following the sale, the director directly owned 10,632 shares of the company's stock, valued at approximately $2,952,931.68. The trade was a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 749,532 shares of company stock worth $183,882,628. Company insiders own 10.66% of the company's stock.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Cloudflare during the second quarter worth about $1,499,000. MBM Wealth Consultants LLC lifted its stake in shares of Cloudflare by 11.7% in the second quarter. MBM Wealth Consultants LLC now owns 11,233 shares of the company's stock worth $2,755,000 after acquiring an additional 1,174 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Cloudflare by 55.9% in the second quarter. Benjamin Edwards Inc. now owns 3,928 shares of the company's stock valued at $963,000 after purchasing an additional 1,408 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Cloudflare during the 2nd quarter valued at approximately $477,000. Finally, Nilsine Partners LLC grew its stake in Cloudflare by 11.7% during the 2nd quarter. Nilsine Partners LLC now owns 1,206 shares of the company's stock valued at $296,000 after purchasing an additional 126 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Quarterly results exceeded expectations. Cloudflare reported adjusted earnings of $0.29 per share versus the $0.27 consensus, while revenue rose 35.9% year over year to $696.1 million, ahead of estimates near $664.7 million. Cloudflare Q2 2026 results
• Positive Sentiment: Cloudflare raised guidance above analyst forecasts. Full-year revenue guidance increased to approximately $2.86 billion-$2.87 billion from $2.805 billion-$2.813 billion previously, above the roughly $2.81 billion consensus. The company also projected third-quarter revenue of $736 million-$737 million and EPS of $0.34, both ahead of expectations. Cloudflare raises annual outlook
• Positive Sentiment: AI adoption is boosting demand. Management said the rapid growth of AI agents is driving traffic through Cloudflare’s network. New offerings—including the AEO Visibility Dashboard, Identity-Aware AI Gateway and Cloudflare OS—could expand enterprise demand for AI security, governance and infrastructure services. Cloudflare AI-driven demand
• Neutral Sentiment: Analyst views remain mixed. Jefferies maintained a Hold rating, although the broader analyst consensus is Moderate Buy. Cloudflare’s shares remain near their 52-week high, increasing the market’s focus on execution and additional guidance upgrades.
• Negative Sentiment: Insider selling could temper sentiment. CEO Matthew Prince sold more than $45 million of shares in several transactions, CFO Thomas Seifert sold 55,000 shares, and director Carl Ledbetter sold 5,000 shares. The transactions were made under pre-arranged Rule 10b5-1 plans and therefore are not necessarily indications of weakening business confidence, but they may encourage profit-taking. Cloudflare insider sales
• Negative Sentiment: Valuation remains elevated. Cloudflare’s approximately $100 billion market capitalization and continuing negative net margin leave limited room for disappointing growth, profitability or AI-demand trends. The stock’s high beta also suggests continued volatility.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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