Cloudflare (NET) Stock Forecast & Price Target

$76.05

-2.35 (-3.00%)

(As of 09/6/2024 ET)

Cloudflare - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 25 Analyst Ratings

Based on 25 Wall Street analysts who have issued ratings for Cloudflare in the last 12 months, the stock has a consensus rating of "Hold." Out of the 25 analysts, 3 have given a sell rating, 12 have given a hold rating, and 10 have given a buy rating for NET.

Consensus Price Target

$92.29
21.36% Upside

High Forecast	$135.00
Average Forecast	$92.29
Low Forecast	$57.00

According to the 25 analysts' twelve-month price targets for Cloudflare, the average price target is $92.29. The highest price target for NET is $135.00, while the lowest price target for NET is $57.00. The average price target represents a forecasted upside of 21.36% from the current price of $76.05.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$92.29	$92.29	$90.70	$65.85
Forecasted Upside	21.36% Upside	18.60% Upside	17.41% Upside	6.89% Upside

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NET Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NET Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cloudflare Stock vs. The Competition

Type	Cloudflare	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.28	2.64	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	21.36% Upside	204.80% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/5/2024	Susquehanna 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$80.00 ➝ $85.00	+6.97%
8/2/2024	Guggenheim 3 of 5 stars		Boost Target	Sell ➝ Sell	$50.00 ➝ $57.00	-28.08%
8/2/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $99.00	+24.92%
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$94.00 ➝ $100.00	+24.86%
8/2/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$82.00 ➝ $83.00	+8.85%
8/2/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$80.00 ➝ $85.00	+11.48%
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8/2/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$135.00 ➝ $135.00	+81.46%
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$88.00 ➝ $92.00	+10.30%
7/16/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Tilton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
7/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$85.00	-2.25%
6/25/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Boyd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$76.00 ➝ $82.00	+4.33%
6/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$92.00 ➝ $92.00	+21.10%
6/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$77.00 ➝ $68.00	+0.34%
5/14/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$120.00	+64.50%
5/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$95.00 ➝ $90.00	+22.18%
5/7/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$95.00	+27.88%
5/3/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$132.00 ➝ $94.00	+26.34%
5/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$125.00 ➝ $105.00	+41.13%
5/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$90.00 ➝ $80.00	+7.53%
5/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$117.00 ➝ $110.00	+47.85%
5/3/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$52.00 ➝ $60.00	-17.75%
5/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$122.00 ➝ $110.00	+46.37%
2/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$90.00 ➝ $120.00	+11.19%
1/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$85.00	+10.33%
1/17/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$83.00	+5.81%
5/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$95.00 ➝ $75.00	+59.40%
4/28/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$65.00 ➝ $55.00	+25.31%
4/19/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Ho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
2/6/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$52.00	-8.60%
11/4/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$100.00 ➝ $75.00	+48.90%
11/2/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$60.00	+7.95%
10/25/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$70.00 ➝ $60.00	+11.28%
9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sterling Auty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$114.00	+85.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:06 PM ET.

NET Forecast - Frequently Asked Questions

What is Cloudflare's forecast for 2024?: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $92.29, with a high forecast of $135.00 and a low forecast of $57.00.
Should I buy or sell Cloudflare stock right now?: 25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NET, but not buy additional shares or sell existing shares.
Does Cloudflare's stock price have much upside?: According to analysts, Cloudflare's stock has a predicted upside of 18.60% based on their 12-month stock forecasts.
Has Cloudflare been upgraded by Wall Street analysts recently?: Over the previous 90 days, Cloudflare's stock had 1 upgrade by analysts.
What analysts cover Cloudflare?: Cloudflare has been rated by research analysts at Cantor Fitzgerald, Guggenheim, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, Susquehanna, UBS Group, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Cloudflare more than its competitors?: Analysts like Cloudflare less than other "computer and technology" companies. The consensus rating for Cloudflare is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how NET compares to other companies.