Cloudflare, Inc.

(New York Stock Exchange)
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Somewhat Bullish +35

TD Cowen raises target for Cloudflare stock from USD 355 to USD 375

Analyst upgrade AI-generated analysis

πŸ“ˆ TD Cowen raised its price target for Cloudflare (NET) from USD 355 to USD 375 on October 13, 2026.

πŸ’° Second-quarter revenue surged to USD 696.06 million, up 35.90% year over year.

πŸ“‰ GAAP net loss widened to USD 169.98 million compared to a loss of USD 50.45 million in the prior-year quarter.

🏒 Enterprise adoption strengthened with over 4,600 large customers and more than 45% of Fortune 500 companies as paying clients.

πŸ“… The company is scheduled to report third-quarter results on November 5, 2026, after the U.S. market closes.

πŸ“Š Market capitalization stands at USD 112.6 billion with a 52-week trading range of USD 120.46 to USD 370.35.

πŸ”„ Recent analyst consensus shows bullish sentiment as BTIG Research and Oppenheimer also lifted their price targets in early October.

Bullish Signals
  • TD Cowen raised its price target for Cloudflare from USD 355 to USD 375, signaling increased confidence in the company's growth trajectory.
  • Second-quarter revenue grew 35.90% year over year to reach USD 696.06 million, demonstrating strong top-line expansion.
  • The platform now serves over 4,600 large customers, with more than 45% of Fortune 500 companies adopting the service as paying clients.
  • Multiple analysts including BTIG Research and Oppenheimer recently increased their price targets, indicating a positive shift in market sentiment.
Risk Factors
  • GAAP net loss widened significantly to USD 169.98 million in the second quarter compared to a loss of only USD 50.45 million one year ago.
  • The company faces pressure to demonstrate that its high revenue growth can eventually translate into improved profitability and margin expansion.
Full Analysis
TD Cowen raised its price target for Cloudflare (NET) from USD 355 to USD 375 on October 13, 2026, citing a reassessment of the company's growth profile. This analyst action follows a period of significant momentum where other firms like BTIG Research and Oppenheimer also increased their targets in early October, reflecting broad institutional interest in the stock. Cloudflare reported strong second-quarter financial results with revenue reaching USD 696.06 million, representing a 35.90% year-over-year increase from the prior year. Despite this robust top-line growth, the company recorded a GAAP net loss of USD 169.98 million, which was wider than the USD 50.45 million loss reported in the same quarter a year earlier. The company's enterprise adoption continues to expand, with its platform serving over 4,600 large customers as of June 30, 2026. Notably, more than 45% of Fortune 500 companies are now paying customers, indicating a solidifying base among top-tier enterprises. Investors will watch the upcoming third-quarter report on November 5 to see if this revenue growth can support the current valuation. Cloudflare trades on the New York Stock Exchange with a market capitalization of USD 112.6 billion as of October 15, 2026. The stock has seen significant volatility over the past year, trading within a 52-week range between USD 120.46 and USD 370.35. Analysts are closely monitoring whether the company can sustain its high growth rates while managing profitability challenges.