Cloudflare (NET) Stock Forecast & Price Target

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$90.39

-3.37 (-3.59%)

(As of 04/15/2024 ET)

Cloudflare Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 23 Analyst Ratings

Analysts' Consensus Price Target

$87.08
-3.66% Downside

High Forecast	$135.00
Average Forecast	$87.08
Low Forecast	$43.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$87.08	$87.50	$67.05	$67.78
Predicted Upside	-3.66% Downside	-0.48% Downside	-0.10% Downside	22.84% Upside

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NET Analyst Ratings 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	2.22	2.58	2.48
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-3.66% Downside	112.95% Upside	11.23% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

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
4/15/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$105.00 ➝ $95.00	+1.32%
2/13/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$110.00	+4.13%
2/12/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$66.00 ➝ $92.00	-12.90%
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%
2/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$53.00 ➝ $90.00	-17.55%
2/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$94.00 ➝ $132.00	+20.92%
Get the Latest News and Ratings for NET and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cloudflare and its competitors with MarketBeat's FREE daily newsletter.
2/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $108.00	-2.65%
2/9/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$70.00 ➝ $100.00	-11.10%
2/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$95.00 ➝ $125.00	+11.13%
2/9/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$75.00 ➝ $115.00	+2.24%
2/9/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $135.00	+49.37%
1/31/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$75.00 ➝ $90.00	+11.11%
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%
11/21/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
11/3/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$64.00 ➝ $60.00	-6.86%
9/7/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$52.00	-18.74%
8/29/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$48.00 ➝ $65.00	+2.82%
8/7/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell	$50.00	-28.08%
8/4/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$70.00 ➝ $80.00	+8.20%
8/4/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gabriela Borges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$38.00 ➝ $43.00	-39.42%
7/28/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$64.00 ➝ $75.00	+15.79%
6/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$55.00	-22.14%
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:19 AM ET.

NET Price Target - Frequently Asked Questions

What is Cloudflare's consensus rating and price target?: According to the issued ratings of 23 analysts in the last year, the consensus rating for Cloudflare stock is Hold based on the current 4 sell ratings, 10 hold ratings and 9 buy ratings for NET. The average twelve-month price prediction for Cloudflare is $87.08 with a high price target of $135.00 and a low price target of $43.00. Learn more on NET's analyst rating history.
Do Wall Street analysts like Cloudflare more than its competitors?: 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.
Is Cloudflare being downgraded by Wall Street analysts?: Over the previous 90 days, Cloudflare's stock had 1 downgrade by analysts.

Does Cloudflare's stock price have much downside?: According to analysts, Cloudflare's stock has a predicted downside of -0.09% based on their 12-month stock forecasts.
What analysts cover Cloudflare?: Cloudflare has been rated by Cantor Fitzgerald, Capital One Financial, DZ Bank, JMP Securities, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Royal Bank of Canada, Sanford C. Bernstein, Susquehanna, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:NET) was last updated on 4/16/2024 by MarketBeat.com Staff

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Cloudflare (NET) Stock Forecast & Price Target

Cloudflare Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

NET Analyst Ratings By Month

NET Price Targets by Month

Cloudflare Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

NET Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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