Cloudflare (NYSE:NET) Price Target Raised to $270.00 at Wells Fargo & Company

Cloudflare (NYSE:NET) had its price objective hoisted by analysts at Wells Fargo & Company from $265.00 to $270.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 37.03% from the stock’s current price.

Several other brokerages have also recently commented on NET. Piper Sandler reaffirmed a “neutral” rating and set a $222.00 target price on shares of Cloudflare in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a report on Wednesday. Morgan Stanley set a $245.00 target price on Cloudflare in a research report on Wednesday. Finally, BTIG Research raised their price target on Cloudflare from $199.00 to $243.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average target price of $234.68.

Cloudflare Stock Performance

NET stock traded up $17.06 during mid-day trading on Wednesday, hitting $197.04. 5,328,346 shares of the company were exchanged, compared to its average volume of 4,797,691. Cloudflare has a 1-year low of $89.42 and a 1-year high of $260.00. The stock has a market capitalization of $69.02 billion, a PE ratio of -653.69, a price-to-earnings-growth ratio of 150.60 and a beta of 1.97. The business has a 50 day simple moving average of $191.02 and a 200-day simple moving average of $205.03. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last announced its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $614.51 million for the quarter, compared to analyst estimates of $591.67 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. On average, equities analysts forecast that Cloudflare will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $189.47, for a total value of $9,925,196.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $178.37, for a total value of $1,783,700.00. Following the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $24,523,377.82. The trade was a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 630,827 shares of company stock valued at $124,436,992 over the last three months. Insiders own 10.89% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

Institutional investors have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its position in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the period. Wiser Advisor Group LLC purchased a new position in Cloudflare in the third quarter valued at approximately $26,000. Westside Investment Management Inc. grew its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Cloudflare in the second quarter worth $29,000. Finally, ORG Wealth Partners LLC lifted its position in shares of Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after buying an additional 70 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 beat and upbeat guide — Cloudflare reported $0.28 EPS (vs. $0.27 est.) and $614.5M revenue (+33.6% YoY) and outlined a $2.795B 2026 revenue target, citing AI-driven demand and a record $42.5M-per-year ACV deal; management framed this as durable enterprise momentum. Q4 results press release
• Positive Sentiment: Market narrative around AI tailwind — Coverage highlights that Cloudflare’s services benefit from AI-driven internet traffic growth, supporting the company’s above-consensus sales forecast and investor enthusiasm. Barron’s article
• Positive Sentiment: Analyst conviction still shows upside — Needham lowered its target from $285 to $250 but kept a Buy rating, implying ~39% upside from current levels, which supports continued investor interest. Needham / TickerReport
• Neutral Sentiment: Mixed but constructive analyst moves — Cantor Fitzgerald reaffirmed a Neutral rating with a $224 target and Scotiabank trimmed its target to $225 (sector perform); both targets still imply meaningful upside versus current price, providing tempered endorsement. Benzinga coverage
• Negative Sentiment: Insider/institutional selling — Alfreton Capital disclosed a 55% reduction in its Cloudflare stake, a potentially negative signal about near-term conviction from that holder. Alfreton Capital filing
• Negative Sentiment: Price vs. moving averages & valuation context — The stock is trading below its 50-day ($191) and 200-day ($205) SMAs and still reflects negative net margin and a non‑standard P/E profile, factors that could temper further upside if momentum fades. MarketBeat profile

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.