Cloudflare Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Cloudflare stock have an average target of 93.43, with a low estimate of 57 and a high estimate of 135. The average target predicts a decrease of -10.25% from the current stock price of 104.10.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$57	$93.43	$92	$135
Change	-45.24%	-10.25%	-11.62%	+29.68%

Analyst Ratings

The average analyst rating for Cloudflare stock from 24 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	4	4	4	4	4	4
Buy	5	5	5	5	5	5
Hold	9	11	11	11	11	11
Sell	1	1	1	1	2	2
Strong Sell	2	2	2	2	2	2
Total	21	23	23	23	24	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Roger Boyd UBS	UBS	Hold Maintains $88 → $95	Hold	Maintains	$88 → $95	-8.74%	Nov 8, 2024
Andrew Nowinski Wells Fargo	Wells Fargo	Buy Maintains $105 → $110	Buy	Maintains	$105 → $110	+5.67%	Nov 8, 2024
Patrick Colville Scotiabank	Scotiabank	Hold Maintains $85 → $87	Hold	Maintains	$85 → $87	-16.43%	Nov 8, 2024
James Fish Piper Sandler	Piper Sandler	Hold Maintains $83 → $92	Hold	Maintains	$83 → $92	-11.62%	Nov 8, 2024
Gregg Moskowitz Mizuho	Mizuho	Hold Maintains $92 → $105	Hold	Maintains	$92 → $105	+0.86%	Oct 17, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.68B

from 1.30B

29.25%

from 1.30B

Revenue Next Year

2.12B

from 1.68B

26.61%

from 1.68B

EPS This Year

0.73

from -0.55

EPS Next Year

0.87

from 0.73

19.69%

from 0.73

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	287.02M	431.06M	656.43M	975.24M	1.30B	1.68B	2.12B	2.67B
Revenue Growth	48.97%	50.18%	52.28%	48.57%	32.97%	29.25%	26.61%	25.78%
EPS	-0.72	-0.40	-0.83	-0.59	-0.55	0.73	0.87	1.11
EPS Growth	-	-	-	-	-	-	19.69%	27.96%
Forward PE	-	-	-	-	-	143.13	119.58	93.45
No. Analysts	-	-	-	-	-	33	33	17

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	1.8B	2.4B	3.3B
Avg	1.7B	2.1B	2.7B
Low	1.6B	2.0B	2.5B

Revenue Growth

Revenue Growth	2024	2025	2026
High	36.8%	42.6%	53.5%
Avg	29.2%	26.6%	25.8%
Low	25.2%	20.0%	16.1%

EPS Forecast

EPS	2024	2025	2026
High	0.84	1.17	1.56
Avg	0.73	0.87	1.11
Low	0.68	0.70	0.78

EPS Growth

EPS Growth	2024	2025	2026
High	-	60.3%	79.7%
Avg	-	19.7%	28.0%
Low	-	-4.3%	-9.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.