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

Cloudflare (NYSE:NET) had its price objective lifted by BTIG Research from $314.00 to $382.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Cloudflare from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Benchmark cut shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Barclays upped their target price on shares of Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $389.00 price target on shares of Cloudflare in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $311.48.

Cloudflare Trading Up 5.8%

Shares of NYSE NET opened at $301.00 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. The business’s 50 day moving average price is $257.02 and its 200-day moving average price is $218.84. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $324.73. The company has a market cap of $106.39 billion, a price-to-earnings ratio of -518.96, a PEG ratio of 212.72 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.Cloudflare’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. On average, sell-side analysts expect that Cloudflare will post 0.03 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction dated 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 owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This represents a 32.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 749,532 shares of company stock worth $183,882,628 in the last three months. Corporate insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of NET. HM Payson & Co. bought a new position in shares of Cloudflare in the 4th quarter worth $25,000. Wiser Advisor Group LLC purchased a new position in Cloudflare in the third quarter valued at about $26,000. Wexford Capital LP purchased a new position in Cloudflare in the third quarter valued at about $30,000. CX Institutional raised its holdings in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in Cloudflare in the second quarter worth about $33,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

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.