This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

New Buy Rating for Cloudflare (NET), the Technology Giant

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare, with a price target of $260.00. The company’s shares closed yesterday at $236.13.

Introducing TipRanks MCP for Agents

According to TipRanks, Hedberg is a 4-star analyst with an average return of 4.1% and a 49.90% success rate. Hedberg covers the Technology sector, focusing on stocks such as F5, Inc., CrowdStrike Holdings, and Datadog.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $4,087.13 average price target, implying a 1,630.88% upside from current levels. In a report released today, BTIG also reiterated a Buy rating on the stock with a $269.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Cloudflare’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $639.76 million and a GAAP net loss of $22.93 million. In comparison, last year the company earned a revenue of $479.09 million and had a GAAP net loss of $38.45 million

Read More on NET:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).