In the latest update from Needham, analyst Mike Cikos has maintained a 'Buy' rating on Cloudflare (NET, Financial), while raising the price target from $145.00 to $160.00. This adjustment represents a 10.34% increase from the previous target, signaling continued confidence in the company's growth prospects.
Cloudflare (NET, Financial), known for its web security and infrastructure services, continues to be a strong player in its market segment. The decision by Needham to adjust the price target upward reflects positive sentiment towards the company's future performance.
The current 'Buy' rating indicates that the stock is expected to outperform average market returns, making it an attractive choice for investors looking for growth opportunities. As of the report released on May 9, 2025, Cloudflare (NET, Financial) remains on the radar for potential upside in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for Cloudflare Inc (NET, Financial) is $145.83 with a high estimate of $200.00 and a low estimate of $70.00. The average target implies an upside of 17.31% from the current price of $124.31. More detailed estimate data can be found on the Cloudflare Inc (NET) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Cloudflare Inc's (NET, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cloudflare Inc (NET, Financial) in one year is $140.97, suggesting a upside of 13.4% from the current price of $124.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cloudflare Inc (NET) Summary page.
