BTIG Upgrades Cloudflare (NET)
Fintel reports that on February 4, 2026, BTIG upgraded their outlook for Cloudflare (NYSE:NET) from Neutral to Buy.
Analyst Price Forecast Suggests 39.07% Upside
As of February 4, 2026, the average one-year price target for Cloudflare is $236.86/share. The forecasts range from a low of $118.17 to a high of $315.00. The average price target represents an increase of 39.07% from its latest reported closing price of $170.31 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cloudflare is 2,514MM, an increase of 24.86%. The projected annual non-GAAP EPS is 0.56.
What is the Fund Sentiment?
There are 1,541 funds or institutions reporting positions in Cloudflare. This is an decrease of 86 owner(s) or 5.29% in the last quarter. Average portfolio weight of all funds dedicated to NET is 0.56%, an increase of 9.05%. Total shares owned by institutions decreased in the last three months by 8.08% to 317,782K shares. 
The put/call ratio of NET is 0.68, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 40,515K shares representing 12.85% ownership of the company. In its prior filing, the firm reported owning 40,807K shares , representing a decrease of 0.72%. The firm increased its portfolio allocation in NET by 2.25% over the last quarter.
Baillie Gifford holds 16,824K shares representing 5.34% ownership of the company. In its prior filing, the firm reported owning 21,849K shares , representing a decrease of 29.87%. The firm decreased its portfolio allocation in NET by 69.24% over the last quarter.
Jpmorgan Chase holds 10,561K shares representing 3.35% ownership of the company. In its prior filing, the firm reported owning 7,126K shares , representing an increase of 32.53%. The firm decreased its portfolio allocation in NET by 84.28% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,490K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 9,249K shares , representing an increase of 2.54%. The firm increased its portfolio allocation in NET by 59.08% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 6,511K shares representing 2.07% ownership of the company. In its prior filing, the firm reported owning 6,308K shares , representing an increase of 3.13%. The firm increased its portfolio allocation in NET by 63.70% over the last quarter.
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This story originally appeared on Fintel.