Cloudflare receives mixed analyst adjustments post-Investor Day, with price targets ranging from $250 to $270 amid AI expansion.
Citizens maintained a Market Perform rating on Cloudflare (NET) with a $270 price target after the company’s June 9 Investor Day. The firm highlighted Cloudflare’s transition from edge security to a unified platform covering security, network services, developer tools, and AI workloads.
Other analysts adjusted targets following the event: Truist raised its target to $250 from $225 (Buy), UBS lifted its target to $250 from $220 (Neutral), and TD Cowen reiterated a Buy with a $265 target. Cloudflare’s recent acquisition of VoidZero aims to integrate AI-native web tooling into its ecosystem.
The company’s focus on AI and cloud-native architecture drove analyst revisions, though ratings varied between Buy and Neutral based on margin expectations and growth positioning.