Global Traffic Surge: In 2025, global Internet traffic increased by 19% year-over-year, reflecting a significant deepening of societal reliance on the Internet, which drives investments and innovations in digital transformation across businesses.
Security Milestone: Post-quantum encryption now secures 52% of all human traffic, ensuring users are protected from future threats and enhancing Cloudflare's competitive position in the cybersecurity market.
New Attack Trends: For the first time, civil society organizations became the most attacked sector, indicating cybercriminals' focus on sensitive data, which may lead to increased security investments by these organizations.
Government Intervention Impact: Nearly half of all major Internet disruptions were triggered by government actions, even as outages caused by cable cuts dropped nearly 50%, highlighting the significant influence of government on network stability.
NET
$196.7+Infinity%1D
Analyst Views on NET
Wall Street analysts forecast NET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NET is 249.41 USD with a low forecast of 131.00 USD and a high forecast of 318.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
Wall Street analysts forecast NET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NET is 249.41 USD with a low forecast of 131.00 USD and a high forecast of 318.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Buy
11 Hold
0 Sell
Moderate Buy
Current: 202.440
Low
131.00
Averages
249.41
High
318.00
Current: 202.440
Low
131.00
Averages
249.41
High
318.00
Barclays
Saket Kalia
Overweight
initiated
$235
2025-12-02
Reason
Barclays
Saket Kalia
Price Target
$235
2025-12-02
initiated
Overweight
Reason
Barclays analyst Saket Kalia initiated coverage of Cloudflare with an Overweight rating and $235 price target. The company 20% of the internet across four accounts and is levered to cloud adoption, cybersecurity, artificial intelligence inference, and no-click search, the analyst tells investors in a research note. The firm sees this driving 27%-30% growth for Cloudflare through fiscal 2028. This warrants a premium valuation, contends Barclays.
Oppenheimer
Param Singh
Outperform
initiated
$260 -> $300
2025-11-10
Reason
Oppenheimer
Param Singh
Price Target
$260 -> $300
2025-11-10
initiated
Outperform
Reason
Oppenheimer analyst Param Singh assumed coverage of Cloudflare with an Outperform rating with a Street-high price target of $300, up from $260. The firm believes the company is demonstrating continued success from cross selling its workers platform and newer security modules across its customer base, which is driving strong DBNRR expansion. Further, the sales team under the leadership of Mark Anderson has a two-pronged approach to address both large enterprises and grassroots developers simultaneously, a strategy Oppenheimer sees as highly prudent and one that is starting to bear fruit. The firm is confident in the company's ability to exceed its Q4 revenue guidance and deliver an over 30% revenue CAGR faster than investor expectations.
DZ Bank
Sell -> Hold
upgrade
$237
2025-11-05
Reason
DZ Bank
Price Target
$237
2025-11-05
upgrade
Sell -> Hold
Reason
DZ Bank upgraded Cloudflare to Hold from Sell with a $237 price target.
Susquehanna
Shyam Patil
Neutral
maintain
$205 -> $260
2025-11-03
Reason
Susquehanna
Shyam Patil
Price Target
$205 -> $260
2025-11-03
maintain
Neutral
Reason
Susquehanna analyst Shyam Patil raised the firm's price target on Cloudflare to $260 from $205 and keeps a Neutral rating on the shares. The firm said they reported a solid 3Q, with both the top and bottom line coming in ahead of expectations as the company continues to execute on its GTM strategy, and the company guided 4Q ahead of expectations as well.
About NET
Cloudflare, Inc. is a connectivity cloud company. Its full suite of products consists of its website and application services to deliver security, performance, and reliability for an organization's websites, applications, and application programming interfaces (APIs); its secure access service edge (SASE) platform, which contains its suite of Zero Trust and network services solutions to help ensure traffic in and out of an organization’s internal network and devices is verified and authorized as well as to securely connect data centers, cloud services, and branch offices to an organization with its Connectivity Cloud; its developer-based solutions to build and deploy serverless applications with scale, performance, security and reliability, and its consumer offerings. Its website and application security product offerings include Web Application Firewall, Bot Management, Distributed Denial of Service Protection, API Security, SSL/TLS Encryption, Script Management, and Security Center.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
