Cloudflare (NET) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Cloudflare (NYSE: NET):

• 8/14/2026 – Cloudflare was downgraded by Zacks Research from “strong-buy” to “hold”.
• 8/10/2026 – Cloudflare had its price target raised by Citigroup Inc. from $265.00 to $400.00. They now have a “buy” rating on the stock.
• 8/10/2026 – Cloudflare had its price target raised by Susquehanna from $200.00 to $300.00. They now have a “neutral” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Scotiabank from $300.00 to $390.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – Cloudflare had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $370.00 price target on the stock.
• 8/7/2026 – Cloudflare was given a new $330.00 price target by Robert W. Baird.
• 8/7/2026 – Cloudflare had its price target raised by Guggenheim from $140.00 to $160.00. They now have a “sell” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by UBS Group AG from $250.00 to $350.00. They now have a “neutral” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Wells Fargo & Company from $300.00 to $380.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Cloudflare had its “buy” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $389.00 price target on the stock.
• 8/7/2026 – Cloudflare had its price target raised by KeyCorp from $300.00 to $375.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Cloudflare was given a new $350.00 price target by Jefferies Financial Group Inc..
• 8/7/2026 – Cloudflare had its price target raised by TD Cowen from $300.00 to $355.00. They now have a “buy” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Barclays PLC from $300.00 to $355.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Cloudflare was downgraded by DZ Bank AG from “strong-buy” to “strong sell”.
• 8/7/2026 – Cloudflare had its price target raised by Royal Bank Of Canada from $290.00 to $346.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Piper Sandler from $250.00 to $333.00. They now have an “overweight” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Citizens Jmp from $330.00 to $394.00. They now have a “market outperform” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Oppenheimer Holdings, Inc. from $330.00 to $380.00. They now have an “outperform” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Needham & Company LLC from $280.00 to $380.00. They now have a “buy” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by Truist Financial Corporation from $300.00 to $350.00. They now have a “buy” rating on the stock.
• 8/7/2026 – Cloudflare had its price target raised by BTIG Research from $314.00 to $382.00. They now have a “buy” rating on the stock.
• 8/4/2026 – Cloudflare had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $290.00 price target on the stock.
• 8/3/2026 – Cloudflare had its “neutral” rating reaffirmed by Cantor Fitzgerald. They now have a $250.00 price target on the stock.
• 7/23/2026 – Cloudflare had its price target raised by Oppenheimer Holdings, Inc. from $300.00 to $330.00. They now have an “outperform” rating on the stock.
• 7/21/2026 – Cloudflare had its price target raised by Truist Financial Corporation from $250.00 to $300.00. They now have a “buy” rating on the stock.
• 7/20/2026 – Cloudflare had its “market outperform” rating reaffirmed by Citigroup Inc..
• 7/20/2026 – Cloudflare was upgraded by Zacks Research from “hold” to “strong-buy”.
• 7/20/2026 – Cloudflare had its price target raised by Citizens Jmp from $270.00 to $330.00. They now have a “market outperform” rating on the stock.
• 7/20/2026 – Cloudflare had its price target raised by Wells Fargo & Company from $270.00 to $300.00. They now have an “overweight” rating on the stock.
• 7/17/2026 – Cloudflare had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 7/17/2026 – Cloudflare had its price target raised by Morgan Stanley from $305.00 to $322.00. They now have an “overweight” rating on the stock.
• 7/16/2026 – Cloudflare had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $290.00 price target on the stock.
• 7/15/2026 – Cloudflare had its price target raised by Mizuho from $260.00 to $310.00. They now have an “outperform” rating on the stock.
• 7/13/2026 – Cloudflare had its price target raised by TD Cowen from $265.00 to $300.00. They now have a “buy” rating on the stock.
• 7/13/2026 – Cloudflare had its price target raised by Barclays PLC from $250.00 to $300.00. They now have an “overweight” rating on the stock.
• 7/10/2026 – Cloudflare had its price target raised by BTIG Research from $269.00 to $314.00. They now have a “buy” rating on the stock.
• 7/7/2026 – Cloudflare was upgraded by Citigroup Inc. from “market outperform” to “buy”.
• 7/7/2026 – Cloudflare was downgraded by Jefferies Financial Group Inc. from “buy” to “hold”.
• 7/7/2026 – Cloudflare was upgraded by Deutsche Bank Aktiengesellschaft to “buy”.
• 7/7/2026 – Cloudflare is now covered by Raymond James Financial, Inc.. They set a “strong-buy” rating on the stock.
• 7/7/2026 – Cloudflare is now covered by Morgan Stanley. They set an “overweight” rating on the stock.
• 7/7/2026 – Cloudflare is now covered by TD Cowen. They set a “buy” rating on the stock.
• 7/7/2026 – Cloudflare was downgraded by Benchmark Co. to “underperform”.
• 7/7/2026 – Cloudflare is now covered by Wells Fargo & Company. They set a “neutral” rating on the stock.
• 7/7/2026 – Cloudflare was upgraded by Scotiabank from “sector perform” to “sector outperform”. They now have a $300.00 price target on the stock, up from $225.00.

Insider Activity at Cloudflare

In related news, insider Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the completion of the sale, the insider directly owned 112,082 shares in the company, valued at $34,149,143.76. This trade represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This 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. Insiders have sold a total of 640,531 shares of company stock valued at $168,474,753 over the last quarter. 10.66% of the stock is currently owned by corporate insiders.

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.