Movement Alert|Cloudflare, Inc. Rises 3.4% in Regular Trading, Multiple Investment Banks Raise Target Prices Ahead of Earnings

Market Focus
07/29

On July 29, Cloudflare, Inc. rose 3.4% in regular trading, trading at 270.53 USD/share, with turnover of $47.38 million. The rally was driven by a wave of investment bank upgrades ahead of the company's upcoming earnings report on August 6.

Mizuho Securities raised its target price from $260 to $310, while Scotiabank upgraded the stock from \"Sector Perform\" to \"Sector Outperform\" with a target price lifted from $225 to $300. Bank of America highlighted that accelerating AI adoption is fueling surging data volumes and expanding attack surfaces, positioning Cloudflare's global network — spanning AI inference, security, and developer infrastructure — to sustain approximately 20% or higher revenue growth.

Within the Internet Services & Infrastructure sector, individual stocks showed mixed performance. Among peers, Snowflake up 5.49%, MongoDB Inc. up 3.39%, Shopify down 0.1%, CoreWeave, Inc. down 2.93%, Applied Digital down 3.78%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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