Cloudflare’s stock narrative has taken a positive turn, with the consensus analyst price target rising from $209.01 to $232.49 amid renewed market optimism. This upward revision reflects analysts’ growing confidence in the company’s prospects, supported by recent momentum and sustained revenue growth. Stay tuned to discover how investors can stay ahead of future shifts in sentiment and price targets as Cloudflare’s story continues to evolve.
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🐂 Bullish Takeaways
KeyBanc raised its price target to $300 from $235 and maintained an Overweight rating. The firm praised Cloudflare for delivering growth above 30% for the first time in over a year, highlighting an acceleration of business momentum and another quarter of “true beat and raise” performance.
RBC Capital lifted its target to $265 from $250, reiterating an Outperform rating after Cloudflare’s Q3 earnings beat. The analyst underscored 31% revenue growth, which was an uptick from 28% in Q2, calling it a “clean/impressive quarter” that strengthens confidence in both short-term projections and long-term opportunity.
Citizens JMP increased its price target to $270 from $250, also with an Outperform rating. The firm described Q3 as “impressive” and continues to view Cloudflare as a compelling long-term capital appreciation opportunity.
UBS’s Roger Boyd raised his target to $245 from $240, viewing Q3 as a “standout” and noting guidance for 28% growth in Q4 and a $3 billion run-rate by the end of 2026. However, UBS maintains a Neutral rating, citing balanced risk and reward ahead.
🐻 Bearish Takeaways
Scotiabank raised its target to $255 from $200 but kept a Sector Perform rating. While recognizing there is “much to like” about Cloudflare, the analyst pointed to fieldwork with CIOs and CISOs which found no notable adoption of Cloudflare’s SASE or edge compute offerings. This lack of observed take-up keeps the firm cautious and “on the sidelines.”
Some firms, such as UBS, despite recognizing Cloudflare’s execution and strong guidance, signaled a more balanced or reserved stance. They highlighted risks related to valuation and questions around upside potential already being priced in.
Taken together, analysts are recognizing Cloudflare’s strong execution, growth momentum, and clear visibility into future revenue. However, even as price targets move higher, certain firms remain cautious. They cite competitive dynamics, valuation, and the need for continued evidence of product adoption as potential headwinds for the stock.
Story Continues
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
NYSE:NET Community Fair Values as at Nov 2025
Cloudflare provided financial guidance for the fourth quarter and full year of 2025, projecting 28% year-over-year revenue growth for both periods. This highlights sustained momentum and confidence in its long-term prospects.
The company announced a collaboration with major payments companies, including Visa, Mastercard, and American Express, to introduce new authentication protocols. These protocols are designed for secure, AI-driven commerce and next-generation transaction experiences.
Cloudflare launched a native integration of its connectivity cloud platform with Oracle Cloud Infrastructure, which enhances security and performance for customers operating in hybrid and multicloud environments worldwide.
In partnership with UNICEF-ITU’s Giga initiative, Cloudflare will deploy its Speed Test solution globally to help monitor and improve internet connectivity in schools. This effort contributes to closing the digital divide.
Consensus Analyst Price Target has risen from $209.01 to $232.49, reflecting increased optimism around company fundamentals.
Revenue Growth projection has increased slightly, up from 26.51% to 27.60% year-over-year.
Net Profit Margin expectation improved significantly, from 4.63% to 12.91%.
Future P/E ratio has fallen markedly, dropping from 557.51x to 207.15x. This change indicates anticipated profitability improvements relative to valuation.
Discount Rate has edged up marginally, moving from 8.92% to 8.96%.
A Narrative is a smarter, more dynamic way to invest. It combines data with story. Narratives link a company’s business outlook with financial forecasts and fair value, and help you decide when to buy or sell by tracking Fair Value versus Price. Found on Simply Wall St’s Community page, Narratives are updated whenever news or earnings break, so you always stay one step ahead.
Read the full story and latest forecasts in the original Cloudflare Narrative to stay in the loop on:
Cloudflare’s expanding partnerships and product innovation that drive long-term revenue growth.
Improved profitability and margin outlook as operational efficiency and cross-selling ramp up.
Key risks and catalysts that could change the company’s fair value and growth prospects.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NET.
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