Truist Securities Rates Cloudflare (NET) buy, $250 Price Target
Truist Securities maintains a Buy rating for Cloudflare, targeting $250, while the stock currently trades at $235.71, a 6.06% upside from the current price.
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Truist Securities rated Cloudflare, Inc. ($NET) "buy" with a $250 price target on June 11, 2026.
Since the rating, $NET is down 1.5% after 1 week, up 18.5% after 1 month and up 30.3% to date (from the $227.44 close on Jun 11, 2026).
NET
Cloudflare, Inc.
Key Points
- Truist Securities reiterated its Buy rating on Cloudflare, targeting $250 as of June 11, 2026.
- Truist Securities's $250 price target implies 6.06% upside from Cloudflare, Inc.'s ($NET) current $235.71 share price.
- The stock trades at $235.71, significantly lower than its 52-week high of $370.35.
- Cloudflare has a market cap of about $112.6 billion, with a forward P/E of 188.72.
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Truist Securities Reiterates Buy Rating
On June 11, 2026, Truist Securities reiterated its Buy rating on Cloudflare, Inc. (NYSE: NET) with a price target of $250. This comes as the stock trades at $235.71, reflecting a cautious but positive outlook amidst market fluctuations.
Comparison with Other Analysts
Truist's rating aligns with other Wall Street analysts who also maintain favorable views on Cloudflare. Recently, TD Cowen raised its target to $375, while Barclays now targets $400. Oppenheimer has set a price target of $430, indicating a strong consensus on the company's growth potential despite recent volatility in its stock price.
Stock Position
Currently, Cloudflare's shares are trading at $235.71, a notable distance from its 52-week high of $370.35. The stock's performance reflects a bearish sentiment in recent months, despite the company's solid fundamentals and growth potential, as shown by its forward P/E ratio of 188.72.
$NET price target
Cloudflare, Inc. daily closes and this analyst's $250 target. Not advice.
Recent Earnings
Cloudflare's revenue for the latest period was approximately $2.51 billion, showing a revenue growth of 35.9%. However, the company reported a net loss with an EPS of -0.58. Investors will be looking toward the next earnings report scheduled for November 5, 2026, to gauge improvement in profitability.
What Cloudflare, Inc. Does
Cloudflare, Inc. provides various cloud services, including network security and performance solutions, to businesses globally. This reiterated rating from Truist emphasizes confidence in its robust service offerings and growth strategies.
What's Next for Cloudflare, Inc.
Looking ahead, investors will monitor the upcoming earnings report and any further analyst ratings changes. The latest 13F filings will also provide insights into institutional ownership trends as they become available.
Related Filing Alerts
Source: Truist Securities's rating change on $NET (Jun 11, 2026). Written by software, not financial advice. How we make alerts