On July 27, Cloudflare, Inc. rose 3.07% in regular trading, trading at $270.1/share, with turnover of $32.05 million.

On the news front, multiple investment banks have raised their target prices for Cloudflare ahead of the upcoming earnings season. Mizuho Securities raised its target price from $260 to $310, while Scotiabank upgraded its rating from Sector Perform to Sector Outperform, lifting its target price significantly from $225 to $300, signaling strong confidence in the company's growth outlook.

The upgrades come as Cloudflare prepares to report its fiscal Q2 results on August 6, with consensus EPS estimates at -$0.03. Analysts appear optimistic about the company's trajectory, particularly as internal AI tool usage reportedly surged 600%, driving productivity gains and operational efficiency improvements. Cloudflare, founded in 2009, operates a global cloud platform providing network security, performance optimization, and reliability services across on-premise, hybrid, cloud, and SaaS environments.

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