Cloudflare (NET) – Research Analysts’ Weekly Ratings Changes

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

• 10/13/2026 – Cloudflare had its price target raised by TD Cowen from $355.00 to $375.00. They now have a “buy” rating on the stock.
• 10/12/2026 – Cloudflare had its price target raised by Barclays PLC from $355.00 to $400.00. They now have an “overweight” rating on the stock.
• 10/9/2026 – Cloudflare had its price target raised by Oppenheimer Holdings, Inc. from $380.00 to $430.00. They now have an “outperform” rating on the stock.
• 10/6/2026 – Cloudflare had its price target raised by BTIG Research from $382.00 to $413.00. They now have a “buy” rating on the stock.
• 10/5/2026 – Cloudflare had its “neutral” rating reaffirmed by Cantor Fitzgerald. They now have a $340.00 price target on the stock.
• 9/17/2026 – Cloudflare had its price target raised by Sanford C. Bernstein from $164.00 to $181.00. They now have a “market perform” rating on the stock.
• 9/6/2026 – Cloudflare was downgraded by Wall Street Zen from “buy” to “hold”.
• 8/31/2026 – Cloudflare had its “market outperform” rating reaffirmed by Citigroup Inc..
• 8/31/2026 – Cloudflare had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $394.00 price target on the stock.
• 8/29/2026 – Cloudflare was upgraded by Wall Street Zen from “hold” to “buy”.

Insiders Place Their Bets

In other Cloudflare news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $353.15, for a total value of $1,765,750.00. Following the transaction, the director owned 873,073 shares of the company’s stock, valued at $308,325,729.95. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $332.46, for a total transaction of $3,324,600.00. Following the completion of the transaction, the chief financial officer directly owned 107,902 shares in the company, valued at $35,873,098.92. The trade was a 8.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 458,839 shares of company stock valued at $138,172,392 over the last 90 days. Company insiders own 10.66% of the company’s stock.

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.