- Cloudflare's stock sees a boost following a rating upgrade amid promising AI developments.
- Mizuho adjusts its price target, reflecting cautious optimism in a strategic AI-focused future.
- Analysts foresee substantial growth potential, with significant upside from current valuations.
Cloudflare Inc. (NET, Financial) experienced a noteworthy stock price increase of approximately 3% after Mizuho Securities upgraded its rating from "Neutral" to "Outperform." This positive shift was largely driven by the company's increasing engagement with artificial intelligence (AI). However, Mizuho also slightly revised its price target, now set at $135, down from its previous $140. Analysts highlighted Cloudflare's enhanced pipeline prospects and a promising AI strategy as key factors in this decision.
Wall Street Analysts Forecast
According to the projected price targets from 28 analysts over the next year, Cloudflare Inc. (NET, Financial) is expected to reach an average target price of $143.52. This includes a potential high of $200.00 and a low of $68.00, suggesting a substantial upside of 27.46% from the current trading price of $112.60. Investors can explore more detailed estimates on the Cloudflare Inc (NET) Forecast page.
Furthermore, consensus recommendations from 34 brokerage firms currently rate Cloudflare Inc.'s (NET, Financial) stock at 2.5, signifying an "Outperform" status. This rating is part of a scale where 1 represents a Strong Buy and 5 indicates a Sell position.
GF Value Estimation
Based on GuruFocus estimates, the projected GF Value for Cloudflare Inc. (NET, Financial) within one year is $138.19. This implies a potential upside of 22.73% from its current price of $112.60. The GF Value is a proprietary calculation by GuruFocus that estimates a stock's fair trading value, considering historical trading multiples, past business growth, and future performance estimations. Investors can access more comprehensive data on the Cloudflare Inc (NET) Summary page.
