--- title: "Weekly Recap | CloudFlare +2.29%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/297389715.md" description: "Cloudflare (NET) gained 2.29% this week to close at $299.84, up from $293.14 the prior Friday. The S&P 500 rose 0.49% over the same period, so NET outperformed by roughly 1.8 percentage points. The week was wide-ranging: the stock fell for two sessions into Wednesday, slipping to an intraweek low of $272.29, before staging a sharp rebound on Thursday that carried it to $309.53, followed by a pull back on Friday to end at $299.84. Weekly amplitude came in at 12.9%." datetime: "2026-08-29T06:07:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297389715.md) - [en](https://longbridge.com/en/news/297389715.md) - [zh-HK](https://longbridge.com/zh-HK/news/297389715.md) generator: "portal-rs" --- # Weekly Recap | CloudFlare +2.29%, consensus target above spot ## The Week Cloudflare (NET) gained 2.29% this week to close at $299.84, up from $293.14 the prior Friday. The S&P 500 rose 0.49% over the same period, so NET outperformed by roughly 1.8 percentage points. The week was wide-ranging: the stock fell for two sessions into Wednesday, slipping to an intraweek low of $272.29, before staging a sharp rebound on Thursday that carried it to $309.53, followed by a pull back on Friday to end at $299.84. Weekly amplitude came in at 12.9%. ## Key Events The main story line this week centred on positioning and sell-side views. On 27 August, reports that ARK Invest added to its Cloudflare position coincided with a 5% gain in the regular session. In the same window, Stifel Nicolaus reiterated a buy rating with a $370 target, and the stock surged as much as 9% intraday on Thursday. On the industry front, several notes covered AI agents as a demand source for cloud software, and quantum computing was flagged for its implications for cybersecurity, with Cloudflare named among a handful of stocks to watch. Friday saw a 3.21% pullback, leaving the stock near the middle of its weekly range. ## Analyst Ratings Cloudflare is covered by 34 analysts: 17 rate it buy, 7 overweight, 8 hold, 1 underweight and 1 sell, with no no-opinion calls. Adding the directional categories, 24 analysts sit on the buy or overweight side, while 2 sit on the underweight or sell side. The consensus rating is buy, with a consensus target of $333.55, about 11.2% above the latest close of $299.84. Individual targets range from $160 to $400, a notably wide spread. Within the cloud and data-centre industry group of 29 names, Cloudflare ranks 6th by rating position. ## The Week Ahead A run of US macro data lands next week. On Monday 31 August, the Dallas Fed manufacturing business activity index is due. Tuesday 1 September brings the S&P Global manufacturing PMI final, ISM manufacturing PMI (prior 55.6, consensus 55.2), and JOLTS job openings (prior 7.359, consensus 7.3). Wednesday 2 September sees ADP private payrolls (prior 44, consensus 47), factory orders, and EIA crude inventories. Cloudflare has no earnings on the calendar, so the focus sits with how macro prints shape risk appetite across cloud and AI names. ## In Short This week Cloudflare beat the market and briefly traded near record territory. The sell-side read skews positive, and the consensus target sits above spot. At the same time, the target range is wide, the stock trades at a negative P/E and a PB of about 65.9x, and the latest session showed large-lot money turning net seller. The tension is between positive analyst positioning on one side and elevated valuation plus outflows on the other. What to watch next is whether a heavy macro week tightens or widens that gap for growth stocks. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [NET.US](https://longbridge.com/en/quote/NET.US.md) ## Related News & Research - [Cloudflare Sees Agentic AI Opportunity Dwarfing Past Growth Drivers](https://longbridge.com/en/news/298813408.md) - [$100 Invested In Cloudflare 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/298483913.md) - [How Investors May Respond To Cloudflare Stock After AI Security Rollout](https://longbridge.com/en/news/298361952.md) - [3 US AI Stocks That Could Benefit From Delayed Washington Rules](https://longbridge.com/en/news/299019564.md) - [What's Going On With Cloudflare Stock Tuesday?](https://longbridge.com/en/news/298334268.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**