Weekly Research Analysts’ Ratings Changes for Cloudflare (NET)

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

• 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.
• 6/15/2026 – Cloudflare had its “market outperform” rating reaffirmed by New Street Research.
• 6/15/2026 – Cloudflare had its “market outperform” rating reaffirmed by Citigroup Inc..
• 6/15/2026 – Cloudflare had its “market outperform” rating reaffirmed by Citizens Jmp. They now have a $270.00 price target on the stock.
• 6/11/2026 – Cloudflare had its price target raised by Truist Financial Corporation from $225.00 to $250.00. They now have a “buy” rating on the stock.
• 6/10/2026 – Cloudflare had its “market perform” rating reaffirmed by Sanford C. Bernstein. They now have a $136.00 price target on the stock.
• 6/10/2026 – Cloudflare had its “buy” rating reaffirmed by TD Cowen.
• 6/10/2026 – Cloudflare had its “overweight” rating reaffirmed by Piper Sandler.
• 6/10/2026 – Cloudflare had its “overweight” rating reaffirmed by KeyCorp.
• 6/10/2026 – Cloudflare had its price target raised by UBS Group AG from $220.00 to $250.00. They now have a “neutral” rating on the stock.
• 6/10/2026 – Cloudflare had its “neutral” rating reaffirmed by Cantor Fitzgerald. They now have a $230.00 price target on the stock, up from $224.00.
• 6/10/2026 – Cloudflare had its “sell” rating reaffirmed by Guggenheim. They now have a $140.00 price target on the stock.
• 6/10/2026 – Cloudflare had its price target raised by Mizuho from $235.00 to $260.00. They now have an “outperform” rating on the stock.
• 6/10/2026 – Cloudflare had its price target raised by Royal Bank Of Canada from $240.00 to $260.00. They now have an “outperform” rating on the stock.
• 6/10/2026 – Cloudflare had its price target raised by Cantor Fitzgerald from $224.00 to $230.00. They now have a “neutral” rating on the stock.
• 6/10/2026 – Cloudflare had its price target raised by BTIG Research from $243.00 to $269.00. They now have a “buy” rating on the stock.
• 6/10/2026 – Cloudflare had its price target raised by Needham & Company LLC from $250.00 to $280.00. They now have a “buy” rating on the stock.
• 6/4/2026 – Cloudflare had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $305.00 price target on the stock.
• 6/1/2026 – Cloudflare had its “overweight” rating reaffirmed by Barclays PLC. They now have a $250.00 price target on the stock.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51. Following the completion of the transaction, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. This trade represents a 35.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, July 7th. The shares were sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the completion of the sale, the director owned 888,073 shares of the company’s stock, valued at $238,101,252.03. This trade represents a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 554,912 shares of company stock valued at $125,199,636. 10.66% of the stock is currently owned by company 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.