{
  "id": 18479793,
  "title": "Truist reiterates Cloudflare stock Buy rating on strong Q3 results",
  "url": "https://urgent.news/2026/11/06/truist-reiterates-cloudflare-stock-buy-rating-on-strong-q3-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T09:52:57.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/truist-reiterates-cloudflare-stock-buy-rating-on-strong-q3-results-93CH-5007063"
  },
  "original_language": "en",
  "account": "Truist Securities has maintained its Buy rating and set a $350 price target on Cloudflare Inc. (NYSE:NET), following the company's impressive Q3 2026 results. Shares of Cloudflare currently trade at $244.51, which represents a 41% upside from the average analyst's target. Despite a recent 13% decline in shares over the past week, Cloudflare reported a strong 39% year-over-year revenue growth in the third quarter. The company's dollar-based net retention rate improved to 122%, and it boasts strong unit economics with a gross profit margin of 73%. Cloudflare continues to demonstrate robust growth, with all-time high operating margins at 17.5%. The company attracted record large customer additions during the quarter, and its broad-based growth is seen across various segments, including the Workers platform, security offerings, customer cohorts, and verticals. Management anticipates no ceiling on annual contract value growth, with Q4 guidance calling for a 38% revenue increase. Analysts at InvestingPro believe Cloudflare is currently overvalued compared to its Fair Value, but predict the company will become profitable this year, with projected EPS of $1.32.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}