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

Market Focus

Jul 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 3.4% in Regular Trading, Multiple Investment Banks Raise Target Prices Ahead of Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-29 21:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>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.</p><p>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. 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