Analysts’ Weekly Ratings Updates for Cloudflare (NET)

Several brokerages have updated their recommendations and price targets on shares of Cloudflare (NYSE: NET) in the last few weeks:

• 5/11/2026 – Cloudflare had its price target raised by Susquehanna from $190.00 to $200.00. They now have a “neutral” rating on the stock.
• 5/8/2026 – Cloudflare was given a new $260.00 price target by Stifel Nicolaus.
• 5/8/2026 – Cloudflare had its “overweight” rating reaffirmed by Piper Sandler. They now have a $250.00 price target on the stock, up from $222.00.
• 5/8/2026 – Cloudflare had its “buy” rating reaffirmed by BTIG Research. They now have a $243.00 price target on the stock.
• 4/20/2026 – Cloudflare had its “sell (d-)” rating reaffirmed by Weiss Ratings.
• 4/15/2026 – Cloudflare was downgraded by KeyCorp from “overweight” to “hold”.
• 4/15/2026 – Cloudflare was downgraded by The Goldman Sachs Group, Inc. from “buy” to “sell”.
• 4/15/2026 – Cloudflare is now covered by Jefferies Financial Group Inc.. They set a “buy” rating on the stock.
• 4/15/2026 – Cloudflare is now covered by Citigroup Inc.. They set a “buy” rating on the stock.
• 4/14/2026 – Cloudflare was upgraded by Piper Sandler from “neutral” to “overweight”. They now have a $222.00 price target on the stock.
• 4/14/2026 – Cloudflare had its price target lowered by Mizuho from $255.00 to $235.00. They now have an “outperform” rating on the stock.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $173.78, for a total value of $9,103,291.52. Following the completion of the transaction, the chief executive officer owned 22,911 shares of the company’s stock, valued at $3,981,473.58. This trade represents a 69.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $187.39, for a total transaction of $6,573,641.20. Following the sale, the insider owned 34,514 shares of the company’s stock, valued at approximately $6,467,578.46. This represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 636,246 shares of company stock valued at $125,320,379. Corporate insiders own 10.89% of the company’s stock.

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.