Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
78.51
-0.60 (-0.76%)
Sep 18, 2024, 3:16 PM EDT - Market open
Cloudflare Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for Cloudflare stock have an average target of 92.82, with a low estimate of 57 and a high estimate of 135. The average target predicts an increase of 18.23% from the current stock price of 78.51.
Analyst Consensus: Hold
* Price targets were last updated on Aug 5, 2024.
Analyst Ratings
The average analyst rating for Cloudflare stock from 23 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Buy | 8 | 5 | 5 | 5 | 5 | 5 |
| Hold | 10 | 8 | 9 | 11 | 11 | 11 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 3 | 3 | 2 | 2 | 2 | 2 |
| Total | 25 | 21 | 21 | 23 | 23 | 23 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Susquehanna | Susquehanna | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | +8.27% | Aug 5, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $90 → $99 | Buy | Maintains | $90 → $99 | +26.10% | Aug 2, 2024 |
| Guggenheim | Guggenheim | Strong Sell Maintains $50 → $57 | Strong Sell | Maintains | $50 → $57 | -27.40% | Aug 2, 2024 |
| Baird | Baird | Buy Maintains $94 → $100 | Buy | Maintains | $94 → $100 | +27.37% | Aug 2, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | +8.27% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
1.68B
from 1.30B
Increased by 29.25%
Revenue Next Year
2.13B
from 1.68B
Increased by 26.91%
EPS This Year
0.73
from -0.55
EPS Next Year
0.87
from 0.73
Increased by 20.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 36.8% | 42.6% | 53.2% | ||
| Avg | 29.2% | 26.9% | 26.3% | ||
| Low | 25.2% | 20.0% | 15.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.84 | 1.10 | 1.56 | ||
| Avg | 0.73 | 0.87 | 1.12 | ||
| Low | 0.68 | 0.70 | 0.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 52.0% | 79.7% | ||
| Avg | - | 20.1% | 28.5% | ||
| Low | - | -4.1% | -10.0% |
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.