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High materiality8/10

BTIG lifts Cloudflare target to 413 on stronger growth and momentum

Oct 7, 2026, 1:54 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

BTIG's higher target combined with positive qualitative feedback can support multiple expansion; earnings catalyst historically drives short-term price moves for high-growth cloud software names.

AI summary

What happened, with direct paths to the underlying reporting

BTIG's Gray Powell lifts Cloudflare's price target to $413 while keeping a Buy rating, citing stronger growth and product momentum. Feedback from partners and analysts is broadly positive, with one partner reporting 40-50% YTD growth and others in the mid-to-high-20s, suggesting a healthier enterprise mix. With Oct 29 earnings looming, execution above Street estimates could unlock valuation upside for NET.

  • BTIG's Gray Powell raises NET target to $413; maintains Buy.
  • Growth momentum cited; broadly positive partner and analyst feedback.
  • Strong YTD growth: partners 40-50% YTD, Sept in high-70s.
  • Q3 revenue seen at $737M; potential $760M; Q4 near $800M.
  • Earnings catalyst on Oct 29; EPS 34c; revenue $737.95M; consensus $335.20.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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