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

Published on 10/07/2026 at 14:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 696.06 million, up 35.90 percent year over year. Cloudflare stock costs EUR 316.25 on October 7, 2026.

NET, US18915M1071, Illustration mit AI erstellt.

Cloudflare (US18915M1071) was trading at EUR 316.25 at Lang & Schwarz on October 7, 2026 at 2:42 p.m. CEST, up 0.17 percent versus the prior close of EUR 315.70. On October 6, 2026, BTIG analyst Gray Powell raised the firm’s Cloudflare price target from USD 382.00 to USD 413.00 and kept a Buy rating, as Markets Insider reported.

BTIG lifts target to USD 413

The target increase of USD 31.00 equals 8.12 percent from the previous USD 382.00 target. BTIG kept its Buy rating after discussions about cybersecurity demand, with feedback covering application security, Workers AI, Magic WAN, SASE and bot management, according to Markets Insider.

The higher target sits 8.86 percent above the Lang & Schwarz euro quote only as a directional market reference across different currencies, so the comparison is not used as a return calculation. Cloudflare’s current valuation signal is therefore the target revision itself, rather than a direct euro-to-dollar upside figure.

Revenue growth meets a loss

Cloudflare generated USD 696.06 million of revenue in the second quarter of 2026, up 35.90 percent from the same quarter a year earlier, while diluted earnings per share were negative USD 0.48. MarketBeat reported the quarterly revenue, earnings and year-over-year comparison.

The second-quarter revenue growth gives the target revision a measurable operating backdrop, but the negative earnings figure keeps profitability central to the valuation discussion. Cloudflare’s investor-relations page identifies the company as a cloud services provider serving security, performance and connectivity needs across business networks.

October 29 is the next date

The next earnings date listed for Cloudflare is October 29, 2026, according to Makkler. That report will give investors a fresh test of whether the company can convert expanding network demand into faster revenue growth and narrower losses.

Cloudflare lists 4,600 or more large customers as of June 30, 2026 and says more than 45 percent of Fortune 500 companies were paying customers at that date. Those operating indicators add scale to the revenue story, while the second-quarter net loss remains the counterweight.

Stock holds near its yearly high

Cloudflare stock was trading at EUR 316.25 at Lang & Schwarz on October 7, 2026 at 2:42 p.m. CEST, plus 0.17 percent versus the prior close of EUR 315.70. The primary listing is on the NYSE, where the finance quote showed USD 355.02 on October 6, 2026 at 3:59 p.m. ET, with a 52-week range of USD 158.83 to USD 370.35.

The Lang & Schwarz quote and the NYSE figures use different venues and currencies, so they are shown separately. The NYSE market capitalization was USD 126.0 billion as of October 6, 2026, placing the target increase against a company already valued at a large-cap scale.

The further course of trading is shown by the continuously updated real-time quote of Cloudflare stock.