Cloudflare, Inc.

(New York Stock Exchange)
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Bullish +72

TD Cowen raises target for Cloudflare stock from USD 355.00 to USD 375.00

Analyst upgrade Company update AI-generated analysis

πŸ“ˆ TD Cowen raised its price target for Cloudflare (NET) from USD 355.00 to USD 375.00 while maintaining a Buy rating.

πŸ’° Second-quarter revenue reached USD 696.10 million, up 36% year over year.

πŸ‘₯ The customer base grew significantly with 4,698 large customers, a 27% increase year over year.

πŸ’΅ Free cash flow jumped to USD 56.40 million, marking a 69% year-over-year increase.

πŸš€ Cloudflare announced the integration of Deno's celld project with its workerd runtime to enhance developer tools.

πŸ“… The company is scheduled to report third-quarter results on November 5, 2026.

πŸ’Ή Stock traded at EUR 311.55 on October 14, 2026, with a market cap of USD 123.4 billion.

🏒 Cloudflare operates in the Technology / Software - Infrastructure sector.

Bullish Signals
  • TD Cowen raised its price target for Cloudflare from USD 355.00 to USD 375.00, signaling analyst confidence in the company's growth trajectory.
  • Second-quarter revenue surged to USD 696.10 million, reflecting a robust 36% year-over-year increase driven by strong demand.
  • The number of large customers expanded to 4,698, representing a substantial 27% year-over-year growth in the core customer base.
  • Free cash flow more than doubled to USD 56.40 million, indicating improved operational efficiency and financial health.
  • Strategic integration of Deno's celld project with Cloudflare's workerd runtime strengthens its developer platform and self-hosted capabilities.
Full Analysis
TD Cowen raised its price target for Cloudflare (NET) from USD 355.00 to USD 375.00 on October 13, 2026, maintaining a Buy rating ahead of the company's third-quarter earnings report scheduled for November 5, 2026. The analyst upgrade reflects strong recent financial performance and strategic developments in Cloudflare's developer platform. Cloudflare reported second-quarter revenue of USD 696.10 million, representing a 36% year-over-year increase. The company also saw significant growth in its customer base, adding to a total of 4,698 large customers, a 27% rise year over year. Additionally, free cash flow surged by 69% to USD 56.40 million during the quarter. Strategically, Cloudflare announced plans to integrate Deno's celld project with its workerd runtime, aiming to enhance self-hosted Workers and Durable Objects capabilities. This move is designed to provide developers with a clearer migration path beyond Cloudflare's own network, combining near-term operational goals with long-term platform strategy. Cloudflare stock was trading at EUR 311.55 on October 14, 2026, with a market capitalization of USD 123.4 billion as of October 13, 2026. The company operates in the Technology / Software - Infrastructure sector and is preparing to present its Q3 results following the US market close.