Cloudflare, Inc. (NYSE:NET) Stock Has Consensus Target Price of $321.85

Posted by Francis Steltz on Oct 8th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirty-three analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $326.33.

NET has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $340.00 price target on shares of Cloudflare in a report on Monday. Raymond James Financial began coverage on shares of Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Finally, Oppenheimer lifted their price target on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, August 7th.

Get Our Latest Stock Report on Cloudflare

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: BTIG raised its price target to $413 from $382 and maintained a Buy rating, citing further upside potential. The upgrade helped push Cloudflare to a new 12-month high. Cloudflare Reaches New 12-Month High Following Analyst Upgrade
Positive Sentiment: Cloudflare launched Basin, a data platform designed for serverless analytics and AI workloads. Its use of open formats and lack of cross-cloud transfer fees could improve data-management economics and create a potential new growth driver. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
Positive Sentiment: AI-driven internet traffic remains a key bullish theme. Commentary highlighted Cloudflare’s positioning as AI agents increase web traffic, while company data indicated it was the fastest provider across 74% of the top 1,000 networks. Why Cloudflare Stock Is Trading Up
Neutral Sentiment: Analysts’ average brokerage recommendation is equivalent to Buy, but the article cautions that consistently optimistic ratings may be less useful when evaluating a richly valued growth stock. Brokers Suggest Investing in Cloudflare
Negative Sentiment: Valuation is the main concern. Jim Cramer said Cloudflare could benefit from rising AI traffic but expressed reservations about buying at its current valuation. The stock had also risen about 28% over the prior month, increasing the risk of profit-taking. Jim Cramer Loves Cloudflare, but There’s a Catch

Insiders Place Their Bets

In other news, insider Alissa Michelle Starzak sold 2,538 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the transaction, the insider owned 112,082 shares of the company’s stock, valued at $34,149,143.76. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares of the company’s stock, valued at approximately $24,301,934.75. This trade represents a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 458,839 shares of company stock valued at $138,172,392. 10.66% of the stock is owned by company insiders.

Institutional Trading of Cloudflare

A number of institutional investors have recently added to or reduced their stakes in NET. Jennison Associates LLC increased its stake in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Amundi grew its stake in Cloudflare by 2.0% in the 1st quarter. Amundi now owns 1,707,256 shares of the company’s stock worth $352,275,000 after buying an additional 32,804 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the last quarter. Finally, National Pension Service raised its position in shares of Cloudflare by 1.6% during the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after buying an additional 15,546 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Down 3.6%

Shares of NYSE:NET opened at $342.19 on Thursday. The business’s 50 day simple moving average is $313.26 and its two-hundred day simple moving average is $258.43. The firm has a market cap of $120.96 billion, a P/E ratio of -589.99, a PEG ratio of 282.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. Cloudflare has a 52-week low of $158.83 and a 52-week high of $370.35.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, research analysts forecast that Cloudflare will post 0.03 EPS for the current fiscal year.

About Cloudflare

(Get Free Report)

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.