Cloudflare’s Gross Margin Fell to 73.1% as AI Workloads Grew. Here’s the Number Q3 Has to Hit

Key Stats for Cloudflare StockCurrent Price: $349. 07Target Price (Mid): ~$741Street Target: ~$339Potential Total Return: ~112%Annualized IRR: ~19% / yearWhat Happened?Cloudflare (NET:NYSE) wrapped its 16th Birthday Week on October 2 after a run of agent-focused launches, including Containers rebuilt to scale agent sandboxes.