- Cloudflare Inc. (NET, Financial) showcases robust growth with nearly 20% year-over-year revenue increase.
- Analysts set an average price target of $147.33, suggesting potential downside from the current market price.
- With an "Outperform" brokerage recommendation, Cloudflare remains a favorite in the cybersecurity sector.
Cloudflare Inc. (NET) demonstrates remarkable resilience with an impressive near 20% year-over-year increase in revenue. Fueling this growth is an even quicker rise in remaining performance obligations, underscoring the strength of its strategic initiatives. The company's broad spectrum of products and substantial contract acquisitions continue to propel Cloudflare ahead, earning it recognition as a leading choice in the cybersecurity industry among analysts.
Wall Street Analysts Forecast
Wall Street analysts have projected one-year price targets for Cloudflare Inc. (NET, Financial), with 28 analysts providing an average target price of $147.33. This figure spans a high estimate of $200.00 and a low of $70.00, indicating a potential downside of 11.19% from its current price of $165.89. Investors seeking more granular forecast details can explore the Cloudflare Inc. (NET) Forecast page.
Additionally, the consensus from 34 brokerage firms positions Cloudflare Inc.'s (NET, Financial) average recommendation at 2.3, reflecting an "Outperform" rating. This rating falls within a scale ranging from 1, a Strong Buy, to 5, a Sell, affirming confidence in Cloudflare's market position.
According to GuruFocus estimates, the projected GF Value for Cloudflare Inc. (NET, Financial) over the next year is $140.01, suggesting a potential downside of 15.6% from the current share price of $165.89. The GF Value represents GuruFocus' evaluation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance projections. For more comprehensive insights, visit the Cloudflare Inc. (NET) Summary page.
