Cloudflare (NET) Stock Forecast & Price Target

Q: What analysts cover Cloudflare?

Cloudflare has been rated by research analysts at Barclays , BTIG Research , Cantor Fitzgerald , Citigroup , Citizens Jmp , DZ Bank , Guggenheim , Jefferies Financial Group , KeyCorp , Mizuho , Morgan Stanley , Needham & Company LLC , Oppenheimer , Piper Sandler , Robert W. Baird , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , Susquehanna , TD Cowen , The Goldman Sachs Group , Truist Financial , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$360.46 +18.57 (+5.43%)

As of 02:04 PM Eastern

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Cloudflare - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
4

Hold
7

Buy
22

Based on 33 Wall Street analysts who have issued ratings for Cloudflare in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 33 analysts, 4 have given a sell rating, 7 have given a hold rating, 21 have given a buy rating, and 1 has given a strong buy rating for NET.

Consensus Price Target

$328.19
-8.91% Downside

According to the 33 analysts' twelve-month price targets for Cloudflare, the average price target is $328.19. The highest price target for NET is $430.00, while the lowest price target for NET is $140.00. The average price target represents a forecasted downside of -8.91% from the current price of $360.29.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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NET Analyst Ratings Over Time

Type	Current Forecast 10/9/25 to 10/9/26	1 Month Ago 9/9/25 to 9/9/26	3 Months Ago 7/11/25 to 7/11/26	1 Year Ago 10/9/24 to 10/9/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	21 Buy rating(s)	21 Buy rating(s)	21 Buy rating(s)	15 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$328.19	$320.19	$245.96	$196.54
Forecasted Upside	-8.91% Downside	1.84% Upside	-8.38% Downside	-10.98% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

NET Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NET Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cloudflare Stock vs. The Competition

Type	Cloudflare	Technology Companies	Broader Market
Consensus Rating Score	2.58	2.23	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-6.26% Downside	662.06% Upside	19.57% Upside
News Sentiment Rating	Positive News See Recent NET News	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/6/2026	BTIG Research 3 of 5 stars	Gray Powell 3 of 5 stars	Boost Target	Buy	$382.00 ➝ $413.00	+14.69%
10/5/2026	Cantor Fitzgerald 5 of 5 stars	Thomas Blakey 2 of 5 stars	Reiterated Rating	Neutral	$340.00	-2.62%
9/17/2026	Sanford C. Bernstein 3 of 5 stars	Peter Weed 4 of 5 stars	Boost Target	Market Perform	$164.00 ➝ $181.00	-44.29%
8/31/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fatima Boolani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Outperform
8/31/2026	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Walravens Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Outperform	$394.00	+31.47%
8/14/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
8/10/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Aaron Samuels Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$200.00 ➝ $300.00	-0.35%
8/7/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Patrick Colville Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$300.00 ➝ $390.00	+28.23%
8/7/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Keith Weiss Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$370.00	+21.65%
8/7/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shrenik Kothari Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$330.00	+8.21%
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8/7/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John DiFucci Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sell	$140.00 ➝ $160.00	-43.53%
8/7/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Roger Boyd Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$250.00 ➝ $350.00	+23.53%
8/7/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ryan MacWilliams Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$300.00 ➝ $380.00	+34.12%
8/7/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$389.00	+37.30%
8/7/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jackson Ader Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$300.00 ➝ $375.00	+32.36%
8/7/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Gallo Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$350.00	+23.53%
8/7/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shaul Eyal Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$300.00 ➝ $355.00	+25.30%
8/7/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Saket Kalia Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$300.00 ➝ $355.00	+25.30%
8/7/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Strong Sell
8/7/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Hedberg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$290.00 ➝ $346.00	+16.02%
8/7/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Fish Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$250.00 ➝ $333.00	+9.16%
8/7/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Param Singh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$330.00 ➝ $380.00	+21.06%
8/7/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Cikos Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$280.00 ➝ $380.00	+19.08%
8/7/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Junaid Siddiqui Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$300.00 ➝ $350.00	+10.57%
7/17/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (D-)
7/15/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregg Moskowitz Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$260.00 ➝ $310.00	+10.04%
7/7/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy
7/7/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Strong-Buy
7/7/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Underperform
6/15/2026	New Street Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Outperform
5/8/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$260.00	+28.66%
1/26/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Peer Perform
11/10/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Bonner Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$238.00 ➝ $265.00	+13.72%
8/1/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Madeline Brooks Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$235.00 ➝ $240.00	+15.62%
5/12/2025	CICC Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$154.00	+8.20%
5/8/2025	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Connor Murphy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
2/7/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Murphy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$110.00 ➝ $115.00	-31.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:04 PM ET.

Should I Buy Cloudflare Stock? NET Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 7, 2026. Please send any questions or comments about these Cloudflare pros and cons to contact@marketbeat.com.

Cloudflare
Bull Case

Here are some ways that investors could benefit from investing in Cloudflare, Inc.:

Cloudflare, Inc. recently reported strong financial performance for the second quarter of 2026, with revenue of $696.06 million, which exceeded analyst expectations of $664.66 million and represented a 35.9% year-over-year increase, demonstrating robust demand for its services.
The company has received significant positive momentum from Wall Street, with BTIG Research raising its price target to $413.00 and issuing a Buy rating, while the consensus rating remains a Moderate Buy with an average price target of $326.33, suggesting potential upside from the current stock price of $342.19.
Strategic partnerships are expanding the company's reach, including a deal with Deutsche Telekom that aims to enhance European enterprise distribution and create new opportunities for security and connectivity growth.
Cloudflare, Inc. is benefiting from the growing trend of AI-related internet traffic, with recent data indicating it is the fastest provider across 74% of the top 1,000 networks, positioning it well to capture value from machine-driven traffic and AI workloads.
The company continues to innovate with new product launches, such as Basin, a data platform that simplifies data management with serverless analytics and open formats, which supports AI workloads and could serve as a new growth driver.

Cloudflare
Bear Case

Investors should be bearish about investing in Cloudflare, Inc. for these reasons:

Despite strong revenue growth, Cloudflare, Inc. continues to report negative net profitability, with a negative net margin of 8.21% and a negative return on equity of 3.88% in the most recent quarter, indicating ongoing challenges in achieving consistent profitability.
The stock trades at a premium valuation, with a price-to-earnings ratio of -589.99, which may limit upside potential and increase the risk of a significant correction if growth expectations are not met.
Recent insider selling activity is notable, with CEO Matthew Prince selling all of his shares in early August 2026 and CFO Thomas J. Seifert selling 10,000 shares in September 2026, which could signal a lack of confidence from company leadership.
Some institutional investors have reduced their holdings, such as Glynn Capital Management LLC, which cut its position by 26.7% in the third quarter, suggesting that some large investors are taking profits or reassessing their exposure to the stock.
The company faces margin pressure, with gross margin falling to 73.1% as it invests heavily in AI workloads and infrastructure, which could impact future earnings growth and profitability.

NET Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $328.19, with a high forecast of $430.00 and a low forecast of $140.00.

33 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last year. There are currently 4 sell ratings, 7 hold ratings, 21 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NET shares.

According to analysts, Cloudflare's stock has a predicted downside of -8.91% based on their 12-month stock forecasts.

Over the previous 90 days, Cloudflare's stock had 2 downgrades and 1 upgrade by analysts.

Cloudflare has been rated by research analysts at Barclays, BTIG Research, Cantor Fitzgerald, Citigroup, Citizens Jmp, DZ Bank, Guggenheim, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, Susquehanna, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Cloudflare more than other "technology" companies. The consensus rating for Cloudflare is Moderate Buy while the average consensus rating for "technology" companies is Hold. Learn more on how NET compares to other companies.

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MarketBeat monitors more than a dozen sources for Cloudflare analyst ratings, with the most recent rating issued on 10/9/2026.

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Cloudflare (NET) Stock Forecast & Price Target