Cloudflare stock gets BTIG target hike to USD 413

Published on 10/06/2026 at 17:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cloudflare stock posted Q2 revenue of USD 696.06 million, up 35.9 percent year over year. A Deutsche Telekom partnership expands its European enterprise channel.

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Cloudflare stock (ISIN US18915M1071) was trading at USD 356.58 on the NYSE on October 6, 2026 at 11:56 a.m. ET, down 0.81 percent from the prior close. The immediate catalyst is BTIG's higher valuation view, while the latest operating figures show revenue growth of 35.9 percent.

BTIG raises target to USD 413

According to MarketBeat on October 6, 2026, BTIG raised its Cloudflare price target from USD 382 to USD 413 and maintained a Buy rating. The new target is 15.82 percent above the October 6 price, calculated from USD 413 and USD 356.58.

The target increase arrives as Cloudflare trades near the upper end of its current annual range. The stock's 52-week range is USD 158.83 to USD 370.35, placing the October 6 price USD 13.77 below the high.

Revenue reaches USD 696.06 million

Cloudflare's Q2 2026 revenue reached USD 696.06 million, compared with consensus of USD 664.66 million, according to MarketBeat. The company also reported EPS of USD 0.29 against consensus of USD 0.27 for the quarter ended June 30, 2026.

MarketBeat reported Q3 2026 EPS guidance of USD 0.340 and full-year 2026 EPS guidance of USD 1.250-1.260. The figures give the valuation debate a concrete operating anchor, because the latest quarter combined double-digit growth with a result above consensus.

European channel gains a partner

Cloudflare and Deutsche Telekom announced a strategic partnership on September 29, 2026, according to Business Wire. Deutsche Telekom plans to add Cloudflare security and connectivity products to its enterprise portfolio, while the companies directly interconnect their networks.

That arrangement gives Cloudflare access to Deutsche Telekom's European enterprise sales and service organization, but the release provides no financial contribution estimate. For investors, the partnership therefore supports the expansion narrative while revenue growth and the distance between the share price and consensus targets remain the measurable checkpoints.

Cloudflare stock trades above consensus

Investing.com lists a Buy consensus from 31 analysts, with an average 12-month target of USD 338.71, a high of USD 405 and a low of USD 160. The October 6 price lies 5.01 percent above the average target.

NYSE price and market value

Cloudflare was trading at USD 356.58 on the NYSE on October 6, 2026 at 11:56 a.m. ET, down 0.81 percent from the prior close, with a market capitalization of USD 126.6 billion. The 52-week range is USD 158.83 to USD 370.35.