TD Cowen Raises Cloudflare (NET) Price Target to $375
TD Cowen has reaffirmed its Buy rating on Cloudflare, increasing its price target to $375, a 27.91% upside from the current price.
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TD Cowen raised its price target on Cloudflare, Inc. ($NET) to $375 from $355 on October 13, 2026, and rates the stock "Buy".
Since the rating, $NET is down 14.8% to date (from the $347.70 close on Oct 13, 2026).
NET
Cloudflare, Inc.
Key Points
- On October 13, 2026, TD Cowen reiterated its Buy rating on Cloudflare, Inc. and raised its price target from $355 to $375.
- TD Cowen's $375 price target implies 27.91% upside from Cloudflare, Inc.'s ($NET) current $293.17 share price.
- As of October 16, 2026, Cloudflare shares were recently trading around $293.17, which is 21.6% above the 200-day moving average but 8.2% below the 50-day average.
- The company reported a revenue growth of 35.9% year-over-year, with a next earnings date set for November 5, 2026.
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TD Cowen has reiterated its Buy rating on Cloudflare, Inc. (NYSE: NET) and raised its price target to $375 on October 13, 2026. This is an increase from the previous target of $355, reflecting confidence in the company's growth prospects.
TD Cowen vs. the S&P 500
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Other Institutional Activity in Cloudflare, Inc.
Capital World Investors holds 24,325,692 shares of Cloudflare, valued at about $7.21 billion, after increasing its position by 1,589,276 shares. BlackRock Inc. has 21,598,907 shares worth around $6.40 billion, following a gain of 504,164 shares. Vanguard Portfolio Management LLC owns 16,819,726 shares valued at approximately $4.98 billion, growing its holdings by 779,552 shares. Morgan Stanley has trimmed its stake by 624,183 shares, leaving it with 15,258,327 shares worth about $4.52 billion. Meanwhile, Baillie Gifford & Co has reduced its holdings by 1,326,566 shares, ending with 14,598,594 shares valued at $4.33 billion.
Cloudflare, Inc. Stock Down 9.6%
Cloudflare shares were recently trading at $293.17 as of October 16, 2026. This price is 21.6% above the 200-day moving average of $241.18 but 8.2% below the 50-day average of $319.22. The stock is also 20.8% below its 52-week high of $370.35, yet it remains 84.6% above the 52-week low of $158.83.
$NET price target
Cloudflare, Inc. daily closes and this analyst's $375 target. Not advice.
Recent Earnings
Cloudflare reported trailing twelve-month revenue of $2.51 billion, with a year-over-year revenue growth of 35.9%. However, the company recorded a net margin of -8.2% and a return on equity of -14.4%. The next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Cloudflare, Inc.
Several insiders sold shares recently. Director Carl Ledbetter sold 5,000 shares on September 22, 2026, at an average price of $353.15, totaling about $1.77 million. Chief Financial Officer Thomas J Seifert sold 10,000 shares on September 17, 2026, valued at approximately $3.32 million. Additionally, Director Carl Ledbetter sold another 5,000 shares on September 14, 2026, for about $1.56 million. Chairman of the Board Michelle Zatlyn sold 99,009 shares on October 7, 2026, totaling around $35.24 million.
Analysts Set New Price Targets
On October 13, 2026, TD Cowen maintained its Buy rating for Cloudflare with a new price target of $375, up from $355. Other firms have also provided ratings; Barclays maintains an Overweight rating with a target of $400, and BTIG retains a Buy rating with a target of $413. The consensus target price among analysts is $343.42 based on 31 opinions.
About Cloudflare, Inc.
Cloudflare, Inc. is a cloud services provider that offers a variety of services to businesses around the globe. Its focus on enhancing internet security and performance is crucial as demand for such services continues to grow in the tech landscape.
Bottom Line
Investors will be watching for Cloudflare's next earnings report on November 5, 2026, to gauge its ongoing performance. With TD Cowen's reaffirmed Buy rating and increased price target, analysts remain optimistic about the company's growth trajectory.
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Source: TD Cowen's rating change on $NET (Oct 13, 2026). Written by software, not financial advice. How we make alerts