Cloudflare (NET) Stock Forecast & Price Target

Q: What analysts cover Cloudflare?

Cloudflare has been rated by research analysts at Barclays , Benchmark , BTIG Research , Cantor Fitzgerald , Citigroup , Citizens Jmp , Deutsche Bank Aktiengesellschaft , Guggenheim , Jefferies Financial Group , KeyCorp , Mizuho , Morgan Stanley , Needham & Company LLC , New Street Research , Oppenheimer , Piper Sandler , Raymond James Financial , 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.

$301.00 +16.57 (+5.82%)

Closing price 08/7/2026 03:59 PM Eastern

Extended Trading

$301.66 +0.67 (+0.22%)

As of 08/7/2026 07:59 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
3

Hold
6

Buy
24

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, 3 have given a sell rating, 6 have given a hold rating, 22 have given a buy rating, and 2 have given a strong buy rating for NET.

Consensus Price Target

$311.48
3.48% Upside

According to the 33 analysts' twelve-month price targets for Cloudflare, the average price target is $311.48. The highest price target for NET is $394.00, while the lowest price target for NET is $136.00. The average price target represents a forecasted upside of 3.48% from the current price of $301.00.

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 8/9/25 to 8/9/26	1 Month Ago 7/10/25 to 7/10/26	3 Months Ago 5/11/25 to 5/11/26	1 Year Ago 8/9/24 to 8/9/25
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	22 Buy rating(s)	21 Buy rating(s)	19 Buy rating(s)	15 Buy rating(s)
Hold	6 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	3 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$311.48	$245.96	$233.12	$186.88
Forecasted Upside	3.48% Upside	-8.38% Downside	20.36% Upside	-8.63% 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	2.70	2.24	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.48% Upside	428.78% Upside	11.63% Upside
News Sentiment Rating	Positive News See Recent NET News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/7/2026	Scotiabank 4 of 5 stars	Patrick Colville 2 of 5 stars	Reiterated Rating	Outperform	$390.00	+28.23%
8/7/2026	Morgan Stanley 4 of 5 stars	Keith Weiss 2 of 5 stars	Reiterated Rating	Overweight	$370.00	+21.65%
8/7/2026	Robert W. Baird 3 of 5 stars	Shrenik Kothari 1 of 5 stars	Set Target		$330.00	+8.21%
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%
Get the Latest News and Ratings for NET and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cloudflare and its competitors with MarketBeat's FREE daily newsletter.
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	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	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	Boost Target	Market Outperform	$330.00 ➝ $394.00	+29.22%
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%
8/7/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gray Powell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$314.00 ➝ $382.00	+34.83%
8/3/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Thomas Blakey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral	$250.00	-12.43%
7/20/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Outperform
7/20/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
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
6/10/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform	$136.00	-39.35%
5/11/2026	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	$190.00 ➝ $200.00	+1.75%
5/8/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$260.00	+28.66%
2/13/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$215.00	+15.92%
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%
10/8/2024	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stefan Slowinski Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Underperform	$65.00	-19.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:15 AM 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 Friday, August 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.:

The current stock price is around $250, which may present a buying opportunity for investors looking for growth in the tech sector.
Cloudflare, Inc. reported a significant revenue increase of 33.5% compared to the same quarter last year, indicating strong business growth and demand for its services.
The company has set ambitious earnings guidance for FY 2026, projecting earnings per share between 1.190 and 1.200, which suggests confidence in future profitability.
With a market capitalization of approximately $98.68 billion, Cloudflare, Inc. is positioned as a major player in the web infrastructure and security market, attracting institutional interest.
Analysts have a generally positive outlook, with many rating the stock as a "Buy" or "Strong Buy," indicating strong market confidence in the company's future performance.

Cloudflare
Bear Case

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

The company has a negative net margin of 3.72%, which indicates that it is currently spending more to operate than it is earning, raising concerns about profitability.
Cloudflare, Inc. has a high debt-to-equity ratio of 1.29, suggesting that it relies significantly on debt to finance its operations, which can be risky in volatile markets.
Despite recent revenue growth, the company has a very high price-to-earnings (PE) ratio of -1,116.70, indicating that it may be overvalued relative to its earnings.
There is a forecasted earnings per share of only 0.03 for the current year, which may not meet investor expectations for growth.
Market volatility, as indicated by a beta of 1.67, suggests that the stock may experience larger price fluctuations compared to the overall market, which could pose risks for investors.

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 $311.48, with a high forecast of $394.00 and a low forecast of $136.00.

33 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 3 sell ratings, 6 hold ratings, 22 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NET shares.

According to analysts, Cloudflare's stock has a predicted upside of 3.48% based on their 12-month stock forecasts.

Over the previous 90 days, Cloudflare's stock had 4 upgrades and 2 downgrades by analysts.

Cloudflare has been rated by research analysts at Barclays, Benchmark, BTIG Research, Cantor Fitzgerald, Citigroup, Citizens Jmp, Deutsche Bank Aktiengesellschaft, Guggenheim, Jefferies Financial Group, KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, New Street Research, Oppenheimer, Piper Sandler, Raymond James Financial, 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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This page (NYSE:NET) was last updated on 8/9/2026 by MarketBeat.com Staff.

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Cloudflare (NET) Stock Forecast & Price Target