Cloudflare (NET) Stock Forecast & Price Target

$102.24 -1.49 (-1.44%)

(As of 11/26/2024 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 26 Analyst Ratings

Sell
4

Hold
12

Buy
10

Based on 26 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 26 analysts, 4 have given a sell rating, 12 have given a hold rating, and 10 have given a buy rating for NET.

Consensus Price Target

$92.88
-9.15% Downside

According to the 26 analysts' twelve-month price targets for Cloudflare, the average price target is $92.88. 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 downside of -9.15% from the current price of $102.24.

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NET Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
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)	9 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)	6 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$92.88	$91.72	$92.29	$64.24
Forecasted Upside	-9.15% Downside	3.33% Upside	15.62% Upside	-13.12% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.23	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-9.15% Downside	281.23% Upside	6.71% Upside
News Sentiment Rating	Positive News See Recent NET News	Positive 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
11/8/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$105.00 ➝ $110.00	+24.52%
11/8/2024	UBS Group 4 of 5 stars	R. Boyd Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$88.00 ➝ $95.00	+7.66%
11/8/2024	Piper Sandler 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$83.00 ➝ $92.00	-3.87%
11/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Colville Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$85.00 ➝ $87.00	-9.09%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$92.00 ➝ $105.00	+14.96%
10/8/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Slowinski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$65.00	-19.23%
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8/5/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$80.00 ➝ $85.00	+6.97%
8/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$50.00 ➝ $57.00	-28.08%
8/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		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	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%
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	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
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	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:55 PM ET.

Should I Buy Cloudflare Stock? NET Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, November 26, 2024. Please send any questions or comments about these Cloudflare pros and cons to contact@marketbeat.com.

Cloudflare
Bull Case

Here are some ways that investors could benefit from investing in Cloudflare, Inc.:

Recent analyst ratings show a consensus target price of $92.88, indicating potential upside from the current stock price of $94.16, suggesting that the stock may still have room for growth.
Cloudflare, Inc. has received multiple "buy" ratings from analysts, including a recent report from Needham & Company LLC, which set a target price of $135.00, reflecting strong confidence in the company's future performance.
The company operates in the growing cloud services sector, which is expected to continue expanding as more businesses move to digital solutions, positioning Cloudflare, Inc. for long-term growth.
Insider ownership stands at 12.83%, which can indicate management's confidence in the company's prospects and align their interests with those of shareholders.
Cloudflare, Inc. has demonstrated strong stock performance, with a 1-year high of $116.00, showcasing its ability to attract investor interest and maintain a robust market presence.

Cloudflare
Bear Case

Investors should be bearish about investing in Cloudflare, Inc. for these reasons:

Insider selling has been significant, with 477,043 shares sold over the last three months, which may raise concerns about the confidence of insiders in the company's future performance.
The stock has received four sell ratings from analysts, indicating that there are concerns about its valuation and potential for future growth.
Despite a strong market presence, the company has a debt-to-equity ratio of 1.32, which suggests that it may be relying heavily on debt to finance its operations, potentially increasing financial risk.
With a current ratio of 3.37, while indicating good short-term financial health, it may also suggest that the company is not efficiently utilizing its assets to generate revenue.
The stock's recent trading activity shows volatility, with significant fluctuations in share price, which could pose risks for investors looking for stable returns.

NET Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $92.88, with a high forecast of $135.00 and a low forecast of $57.00.
: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 4 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.
: According to analysts, Cloudflare's stock has a predicted downside of -9.15% based on their 12-month stock forecasts.
: Cloudflare has been rated by research analysts at BNP Paribas, Mizuho, Piper Sandler, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:NET) was last updated on 11/26/2024 by MarketBeat.com Staff

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Cloudflare (NET) Stock Forecast & Price Target