Cloudflare, Inc. (NET)
NYSE: NET · IEX Real-Time Price · USD
88.01
+1.25 (1.44%)
At close: Apr 26, 2024, 4:00 PM
88.10
+0.09 (0.10%)
After-hours: Apr 26, 2024, 7:58 PM EDT
Cloudflare Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Cloudflare stock have an average target of 86.17, with a low estimate of 43 and a high estimate of 135. The average target predicts a decrease of -2.09% from the current stock price of 88.01.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Cloudflare stock from 25 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 8 | 8 | 8 | 8 | 8 | 8 |
| Hold | 8 | 8 | 7 | 10 | 10 | 10 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 3 | 3 | 3 | 3 | 3 | 3 |
| Total | 22 | 22 | 22 | 25 | 25 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $100 | Hold | Reiterates | $100 | +13.62% | Apr 17, 2024 |
| Mizuho | Mizuho | Hold Maintains $105 → $95 | Hold | Maintains | $105 → $95 | +7.94% | Apr 15, 2024 |
| DZ Bank | DZ Bank | Strong Buy → Hold Downgrades $110 | Strong Buy → Hold | Downgrades | $110 | +24.99% | Feb 13, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $66 → $92 | Hold | Maintains | $66 → $92 | +4.53% | Feb 12, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Reiterates $100 | Hold | Reiterates | $100 | +13.62% | Feb 12, 2024 |
Financial Forecast
Revenue This Year
1.67B
from 1.30B
Increased by 29.02%
Revenue Next Year
2.14B
from 1.67B
Increased by 27.79%
EPS This Year
0.61
from -0.55
EPS Next Year
0.79
from 0.61
Increased by 29.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.8B | 2.5B | 3.4B | 4.0B | 5.2B |
| Avg | 1.7B | 2.1B | 2.7B | 3.8B | 4.9B |
| Low | 1.6B | 2.0B | 2.1B | 3.7B | 4.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 42.0% | 52.3% | 60.8% | 48.2% | 35.6% |
| Avg | 29.0% | 27.8% | 26.6% | 40.9% | 29.0% |
| Low | 24.6% | 19.7% | -1.7% | 35.1% | 23.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.97 | 1.30 | 2.01 | 2.05 | 2.96 |
| Avg | 0.61 | 0.79 | 1.13 | 1.97 | 2.85 |
| Low | 0.54 | 0.63 | 0.83 | 1.91 | 2.76 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 113.8% | 154.5% | 81.4% | 50.3% |
| Avg | - | 29.4% | 43.2% | 74.5% | 44.6% |
| Low | - | 3.0% | 5.7% | 69.3% | 40.3% |
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.