Cloudflare (NYSE:NET) Price Target Raised to $333.00 at Piper Sandler

Posted by Brenda Bartman on Aug 8th, 2026

Cloudflare (NYSE:NET – Free Report) had its target price upped by Piper Sandler from $250.00 to $333.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

NET has been the topic of several other reports. Barclays increased their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 target price on shares of Cloudflare in a report on Thursday, July 16th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Robert W. Baird set a $330.00 price target on shares of Cloudflare in a report on Friday. Finally, KeyCorp increased their price target on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $311.48.

View Our Latest Report on Cloudflare

Cloudflare Stock Up 5.8%

NET stock opened at $301.00 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $106.39 billion, a PE ratio of -518.96, a PEG ratio of 212.72 and a beta of 1.65. Cloudflare has a 1-year low of $158.83 and a 1-year high of $324.73. The business’s 50 day simple moving average is $257.02 and its 200 day simple moving average is $218.84.

Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, research analysts anticipate that Cloudflare will post 0.03 EPS for the current year.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This trade represents a 32.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $281.98, for a total transaction of $1,409,900.00. Following the sale, the director owned 883,073 shares in the company, valued at approximately $249,008,924.54. This represents a 0.56% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 749,532 shares of company stock worth $183,882,628. Corporate insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC bought a new stake in Cloudflare during the third quarter valued at $26,000. HM Payson & Co. acquired a new stake in Cloudflare during the 4th quarter worth about $25,000. CX Institutional raised its position in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of Cloudflare in the 2nd quarter valued at about $33,000. Finally, Wexford Capital LP acquired a new position in shares of Cloudflare in the 3rd quarter valued at about $30,000. Institutional investors own 82.68% of the company’s stock.

Key Cloudflare News

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

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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.