Cloudflare, Inc. (NET)
NYSE: NET · IEX Real-Time Price · USD
85.05
+1.10 (1.31%)
At close: Jul 2, 2024, 4:00 PM
84.98
-0.07 (-0.08%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Cloudflare Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Cloudflare stock have an average target of 91.38, with a low estimate of 50 and a high estimate of 135. The average target predicts an increase of 7.44% from the current stock price of 85.05.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Cloudflare stock from 21 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 4 | 4 |
| Buy | 8 | 8 | 8 | 8 | 5 | 5 |
| Hold | 7 | 10 | 10 | 10 | 8 | 9 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 3 | 3 | 3 | 3 | 3 | 2 |
| Total | 22 | 25 | 25 | 25 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Sell → Hold Upgrades $76 → $82 | Strong Sell → Hold | Upgrades | $76 → $82 | -3.59% | Jun 25, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $80 | Hold | Reiterates | $80 | -5.94% | Jun 21, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Reiterates $92 | Hold | Reiterates | $92 | +8.17% | Jun 17, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $77 → $68 | Strong Sell | Maintains | $77 → $68 | -20.05% | Jun 4, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $80 | Hold | Reiterates | $80 | -5.94% | May 31, 2024 |
Financial Forecast
Revenue This Year
1.67B
from 1.30B
Increased by 28.63%
Revenue Next Year
2.12B
from 1.67B
Increased by 27.10%
EPS This Year
0.64
from -0.55
EPS Next Year
0.81
from 0.64
Increased by 26.71%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.8B | 2.4B | 3.3B | 4.0B | 5.3B |
| Avg | 1.7B | 2.1B | 2.7B | 3.5B | 4.4B |
| Low | 1.6B | 1.9B | 2.2B | 3.2B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 37.7% | 45.6% | 54.7% | 48.5% | 50.5% |
| Avg | 28.6% | 27.1% | 26.7% | 32.2% | 24.8% |
| Low | 22.4% | 11.8% | 4.3% | 18.6% | 8.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.97 | 1.34 | 1.88 | 1.82 | 2.61 |
| Avg | 0.64 | 0.81 | 1.04 | 1.75 | 2.51 |
| Low | 0.59 | 0.64 | 0.74 | 1.70 | 2.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 111.6% | 133.5% | 74.9% | 49.6% |
| Avg | - | 26.7% | 29.1% | 68.2% | 43.9% |
| Low | - | 0.3% | -8.7% | 63.2% | 39.7% |
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.