BTIG raised target for Cloudflare stock from USD 382.00 to USD 413.00

Published on 10/09/2026 at 15:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 696.06 million versus USD 664.66 million consensus. Cloudflare stock is EUR 310.45 on October 9, 2026 after EUR 305.00.

Key points in brief

BTIG raised its Cloudflare price target from USD 382.00 to USD 413.00 on October 6, 2026 while maintaining a Buy rating.
Cloudflare reported USD 696.06 million of second-quarter revenue, up 35.90 percent year over year, versus USD 664.66 million consensus.
The stock was trading at EUR 310.45 at Lang & Schwarz on October 9, 2026, versus a EUR 305.00 prior close.
Cloudflare is scheduled to report third-quarter 2026 results on October 29, 2026 after the market closes.

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BTIG raised its Cloudflare stock target from USD 382.00 to USD 413.00 on October 6, 2026, while maintaining a Buy rating, according to Markets Insider. The move puts analyst expectations above the latest US market quote, but it also leaves Cloudflare facing a high valuation and continued GAAP losses.

Cloudflare revenue beats consensus

Cloudflare reported USD 696.06 million of revenue in the second quarter of 2026, up 35.90 percent from the same period a year earlier. Revenue exceeded the USD 664.66 million consensus estimate, while earnings per share came in at USD 0.29 versus USD 0.27 expected, according to MarketBeat.

Three milestones shape the story

On June 30, 2026, Cloudflare's investor-relations page listed more than 4,600 large customers and more than 45 percent of the Fortune 500 as paying customers, according to Cloudflare. On August 6, 2026, the company reported its second-quarter revenue and earnings-per-share figures. On October 6, 2026, BTIG set the USD 413.00 target that now defines the latest analyst debate.

What does the target change signal?

The target revision reflects BTIG's assessment of demand across Cloudflare's application security, Workers AI, Magic WAN, SASE and bot-management products, as reported by Markets Insider. The counterweight is profitability: MarketBeat reported a negative 8.21 percent net margin for the latest quarter, despite the revenue growth and earnings-per-share comparison.

Upcoming results set the next test

Cloudflare is scheduled to report third-quarter 2026 results on October 29, 2026 after the market closes, with a conference call listed for 5:00 p.m. ET, according to MarketBeat. The current consensus revenue estimate is USD 736.80 million, giving the next report a clear growth benchmark.

Cloudflare stock trades above its prior close

Cloudflare stock was trading at EUR 310.45 at Lang & Schwarz on October 9, 2026 at 3:42 p.m. CEST, up 1.79 percent versus the prior close of EUR 305.00. The primary listing is on the NYSE, where the finance quote showed a market capitalization of USD 123.4 billion and a 52-week range of USD 158.83 to USD 370.35 as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Cloudflare stock.