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 , Craig Hallum , DZ Bank , Fox Advisors , Guggenheim , Jefferies Financial Group , JPMorgan Chase & Co. , Morgan Stanley , Needham & Company LLC , Oppenheimer , Piper Sandler , Raymond James Financial , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , Stephens , TD Cowen , The Goldman Sachs Group , UBS Group , Wedbush , Weiss Ratings , Wells Fargo & Company , Wolfe Research , and Zacks Research in the past 90 days.

$306.07 -12.43 (-3.90%)

Closing price 11/13/2026 03:59 PM Eastern

Extended Trading

$306.53 +0.47 (+0.15%)

As of 11/13/2026 08:00 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 36 Analyst Ratings

Sell
3

Hold
7

Buy
26

Based on 36 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 36 analysts, 3 have given a sell rating, 7 have given a hold rating, and 26 have given a buy rating for NET.

Consensus Price Target

$338.48
10.59% Upside

According to the 36 analysts' twelve-month price targets for Cloudflare, the average price target is $338.48. 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 upside of 10.59% from the current price of $306.07.

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 11/15/25 to 11/15/26	1 Month Ago 10/16/25 to 10/16/26	3 Months Ago 8/17/25 to 8/17/26	1 Year Ago 11/15/24 to 11/15/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	26 Buy rating(s)	21 Buy rating(s)	21 Buy rating(s)	16 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$338.48	$330.59	$320.19	$233.96
Forecasted Upside	10.59% Upside	11.88% Upside	4.22% Upside	11.02% Upside
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	2.64	2.22	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	10.59% Upside	70.59% Upside	14.68% Upside
News Sentiment Rating	Positive News See Recent NET News	Positive News	Positive 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
11/10/2026	DZ Bank 4 of 5 stars		Upgrade	Sell ➝ Buy	$300.00	+1.50%
11/6/2026	Royal Bank Of Canada 3 of 5 stars	Matthew Hedberg 2 of 5 stars	Lower Target	Outperform	$405.00 ➝ $350.00	+27.76%
11/6/2026	Guggenheim 5 of 5 stars	John DiFucci 2 of 5 stars	Boost Target	Buy	$160.00 ➝ $190.00	-22.06%
11/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Gallo Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Hold	$320.00 ➝ $315.00	+29.21%
11/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Gabriela Borges Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Buy	$420.00	+72.28%
11/6/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Patrick Colville Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Sector Outperform	$390.00 ➝ $360.00	+33.08%
11/6/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Joshua Tilton Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Outperform
11/6/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	James Fish Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Overweight	$333.00 ➝ $337.00	+38.23%
11/6/2026	Needham & Company LLC Subscribe to MarketBeat All Access to unlock brokerage rankings	Mike Cikos Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$380.00 ➝ $365.00	+49.72%
11/6/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	Thomas Blakey Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$340.00 ➝ $310.00	+27.16%
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11/3/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Underperform
11/3/2026	Stephens Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Overweight
11/3/2026	Fox Advisors Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Neutral
11/3/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Shaul Eyal Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Hold
11/3/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Keith Weiss Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Overweight
11/3/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Roger Boyd Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Neutral ➝ Buy
11/3/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Param Singh Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Outperform
11/3/2026	Craig Hallum Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy
11/3/2026	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Outperform
11/3/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
11/3/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Samik Chatterjee Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Overweight	$350.00	+32.14%
10/29/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Weed Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Market Perform	$181.00 ➝ $245.00	-19.68%
10/28/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Ryan MacWilliams Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$380.00 ➝ $400.00	+22.51%
10/15/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Sell (D-)
10/12/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Saket Kalia Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$355.00 ➝ $400.00	+11.01%
10/6/2026	BTIG Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Gray Powell Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$382.00 ➝ $413.00	+14.69%
8/31/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Fatima Boolani Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Market Outperform
8/31/2026	Citizens Jmp Subscribe to MarketBeat All Access to unlock brokerage rankings	Patrick Walravens Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Market Outperform	$394.00	+31.47%
8/10/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Aaron Samuels Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$200.00 ➝ $300.00	-0.35%
8/7/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Shrenik Kothari Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$330.00	+8.21%
8/7/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Jackson Ader Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$300.00 ➝ $375.00	+32.36%
8/7/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Junaid Siddiqui Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$300.00 ➝ $350.00	+10.57%
7/15/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Gregg Moskowitz Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$260.00 ➝ $310.00	+10.04%
7/7/2026	Deutsche Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy
7/7/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Underperform
6/15/2026	New Street Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Market Outperform
5/8/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$260.00	+28.66%
11/10/2025	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Bonner Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$238.00 ➝ $265.00	+13.72%
8/1/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Madeline Brooks Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$235.00 ➝ $240.00	+15.62%
5/12/2025	CICC Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Market Perform ➝ Outperform	$154.00	+8.20%
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5/8/2025	Capital One Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Connor Murphy Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:34 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 Wednesday, November 11, 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 third-quarter revenue of $782.51 million, which exceeded analyst expectations of $737.16 million and represented a 39.2% year-over-year increase, demonstrating strong top-line growth momentum that often drives stock appreciation.
The company raised its full-year 2026 revenue guidance to $3.0 billion, surpassing the previous consensus estimate of $2.9 billion, and also lifted its fourth-quarter revenue guidance to a range of $845.0 million to $846.0 million, signaling management confidence in sustained demand for its services.
Cloudflare, Inc. has achieved a significant milestone with its Workers platform surpassing 10 million developers, a metric that indicates expanding enterprise adoption and larger contract sizes, which supports the company's long-term growth trajectory and recurring revenue model.
Wall Street sentiment has shifted positively, with the consensus rating standing at "Moderate Buy" and a consensus price target of $338.48, which represents potential upside from the current stock price of $314.37, reflecting analyst confidence in the company's future performance.
The appointment of Christian Smith as President of Revenue, a former executive from Splunk and Cisco, is expected to strengthen the company's go-to-market strategy and support its ambitious goal of reaching $5 billion in annual recurring revenue by improving enterprise sales execution.

Cloudflare
Bear Case

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

Cloudflare, Inc. continues to report negative GAAP earnings, with a GAAP EPS of -$0.10 in the most recent quarter and a negative net margin of 8.75%, meaning the company is not yet profitable on a generally accepted accounting principles basis, which can limit appeal for value-oriented investors.
Insider selling has been significant, with insiders selling a total of 256,537 shares valued at approximately $78.75 million over the last 90 days, including a complete sale of all shares by CEO Matthew Prince in early August, which may signal reduced internal confidence or liquidity needs.
The stock carries a high valuation risk, evidenced by a negative price-to-earnings ratio of -462.30 and a P/E/G ratio of 169.21, indicating that the market is pricing in substantial future growth that may not materialize if the company fails to achieve profitability.
Short interest remains elevated with 7,960,707 shares shorted as of the latest record date, representing about 2.52% of the float, which suggests that a portion of the market is betting against the stock's performance and could contribute to volatility.
The company has a debt-to-equity ratio of 3.03, which is relatively high for a technology firm, potentially increasing financial risk and limiting flexibility if interest rates remain elevated or if revenue growth slows.

NET Forecast - Frequently Asked Questions

According to the research reports of 36 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $338.48, with a high forecast of $430.00 and a low forecast of $140.00.

36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 26 buy ratings 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 upside of 10.59% based on their 12-month stock forecasts.

Over the previous 90 days, Cloudflare's stock had 5 upgrades and 4 downgrades by analysts.

Cloudflare has been rated by research analysts at Barclays, BTIG Research, Cantor Fitzgerald, Citigroup, Citizens Jmp, Craig Hallum, DZ Bank, Fox Advisors, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, Stephens, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, Weiss Ratings, Wells Fargo & Company, Wolfe Research, 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 11/10/2026.

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Cloudflare (NET) Stock Forecast & Price Target