On July 31, Cloudflare, Inc. rose 3.08% in regular trading, trading at 288.33 USD/share, with turnover of $172 million. The stock has gained approximately 13.8% over the past four trading sessions as bullish momentum builds ahead of the August 6 earnings release.

On the news front, multiple investment banks have intensively raised their target prices for Cloudflare. Mizuho Securities lifted its target from $260 to $310, while Scotiabank upgraded its rating from Sector Perform to Sector Outperform with a target of $300. Bank of America highlighted that accelerating AI adoption is driving surging data volumes and expanding attack surfaces, noting that Cloudflare's global network spanning AI inference, security, and developer infrastructure positions the company to sustain approximately 20% or higher revenue growth. The company's recent research pilot with OpenAI to drive real-time indexing for AI search further reinforces its positioning in the AI ecosystem.

Management has indicated it remains on track to exceed its $5 billion revenue target ahead of 2028. Consensus EPS estimate for the upcoming quarter stands at -$0.03, compared to -$0.05 in the prior quarter.

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