- Cloudflare's latest financial results exceeded revenue expectations, sparking interest in its market performance.
- Average analyst price targets suggest a potential upside of over 14%.
- GuruFocus estimates indicate a fair value growth, supporting an "Outperform" recommendation.
Cloudflare (NET, Financial) has delivered solid financial results with a reported non-GAAP earnings per share of $0.16, aligning perfectly with analysts' forecasts. The company's revenue soared to $479.09 million, surpassing expectations by an impressive $9.39 million. Despite these substantial figures, concerns about Cloudflare's valuation linger among industry experts.
Wall Street Analysts' Price Predictions
Stock analysts have offered a range of one-year price targets for Cloudflare Inc (NET, Financial), with an average target set at $142.47. The forecasts show a high estimate of $200.00 and a low estimate of $68.00. This average target suggests a notable upside of 14.61% from the current market price of $124.31. Investors can find more comprehensive estimate data on the Cloudflare Inc (NET) Forecast page.
Brokerage Recommendations
Based on insights from 34 brokerage firms, Cloudflare Inc (NET, Financial) holds an average brokerage recommendation of 2.4, which corresponds to an "Outperform" status. This rating is derived from a scale ranging from 1 to 5, where 1 signifies Strong Buy and 5 indicates a Sell recommendation.
GuruFocus Value Estimates
The GF Value, as estimated by GuruFocus, positions Cloudflare Inc (NET, Financial) at $140.97 in one year. This suggests a potential upside of 13.4% from the current price of $124.31. The GF Value represents GuruFocus' assessment of the appropriate trading value for the stock, calculated using historical trading multiples, past business growth, and projections for the company's future performance. For an in-depth analysis, visit the Cloudflare Inc (NET) Summary page.
