# In a report released on April 12, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare, with a price target of $240.

*business · news · 2026-04-14 · Markets Insider*

## Key points

- Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare with a $240 price target.
- Hedberg's average return on recommended stocks is -3.1% with a 40% success rate.
- Cloudflare also received a Buy rating from Robert W. Baird’s Shrenik Kothari on April 9.
- Piper Sandler maintained a Hold rating on Cloudflare on April 7.
- Cloudflare's latest quarterly revenue increased to $614.51 million, with a net loss of $12.08 million.

**Companies:** Cloudflare

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/rbc-capital-keeps-their-buy-rating-on-cloudflare-net-1036018813)

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