JP Morgan maintains Cloudflare at Overweight, raises price target to $375 from $350

What happened

JP Morgan kept its Overweight rating on Cloudflare and raised its price target to $375 from $350. The new target is 7.1% higher and implies 39.5% upside from Cloudflare’s Nov. 6 closing price of $268.75.

Confirmed

Global impact / market context

The higher target signals JP Morgan expects Cloudflare shares to have more room to rise than its prior estimate suggested. If investors act on that view, buying could support the share price, but the target is an analyst estimate, not a guaranteed outcome or a change to Cloudflare’s business.

Analyst inference

The article lists five recent Cloudflare analyst notes from the past 30 days, with targets ranging from $337 to $375. JP Morgan’s new $375 target is at the top of that range, while the listed ratings and targets show differing analyst views.

Confirmed

What to watch

1. Compare later analyst updates with JP Morgan’s $375 target and the reported $337–$375 range to see whether views on Cloudflare’s shares are converging or diverging. Analyst inference
2. Watch whether Cloudflare’s share price moves toward or away from the target’s implied level; the article gives $268.75 as the Nov. 6 closing price. Analyst inference
3. The article provides no operating results or forecast changes, so any conclusion about effects on Cloudflare’s revenue, costs, or capital spending would require further reported information. Confirmed

Evidence

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