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Cloudflare (NET) Stock Forecast & Price Target

$83.96
+0.53 (+0.64%)
(As of 07/16/2024 ET)

Cloudflare - Analysts' Recommendations 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.

Consensus Rating

Based on 25 Wall Street analysts who have issued ratings for Cloudflare in the last 12 months, the stock has a consensus rating of "Hold." Out of the 25 analysts, 3 have given a sell rating, 12 have given a hold rating, and 10 have given a buy rating for NET.

Consensus Price Target

$90.92
8.29% Upside
High Forecast$135.00
Average Forecast$90.92
Low Forecast$50.00

According to the 25 analysts' twelve-month price targets for Cloudflare, the average price target is $90.92. The highest price target for NET is $135.00, while the lowest price target for NET is $50.00. The average price target represents a forecasted upside of 8.29% from the current price of $83.96.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
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
10 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
Hold
12 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
Sell
3 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$90.92$90.70$87.08$62.71
Forecasted Upside8.29% Upside19.40% Upside1.17% Upside9.24% Upside
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NET Analyst Recommendations 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.
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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.
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Cloudflare Stock vs. The Competition

TypeCloudflareComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.28
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside8.29% Upside101.62% Upside7.52% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024Mizuho
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$88.00 ➝ $92.00+10.30%
7/16/2024Wolfe Research
3 of 5 stars
J. Tilton
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Initiated CoveragePeer Perform
7/15/2024Piper Sandler
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$81.00 ➝ $82.00-0.26%
7/8/2024Scotiabank
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P. Colville
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Initiated CoverageSector Perform$85.00-2.25%
6/25/2024Guggenheim
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 Reiterated RatingSell ➝ Sell$50.00 ➝ $50.00-37.33%
6/25/2024UBS Group
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R. Boyd
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UpgradeSell ➝ Neutral$76.00 ➝ $82.00+4.33%
6/21/2024Cantor Fitzgerald
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Y. Lee
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Reiterated RatingNeutral ➝ Neutral$80.00 ➝ $80.00+3.98%
6/17/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Equal Weight$92.00 ➝ $92.00+21.10%
6/4/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$77.00 ➝ $68.00+0.34%
5/31/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$108.00 ➝ $90.00+34.65%
5/31/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$135.00 ➝ $135.00+98.59%
5/14/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$120.00+64.50%
5/9/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$95.00 ➝ $90.00+22.18%
5/7/2024DZ Bank
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 UpgradeHold ➝ Buy$95.00+27.88%
5/6/2024Susquehanna
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 Lower TargetNeutral ➝ Neutral$115.00 ➝ $80.00+7.53%
5/3/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$132.00 ➝ $94.00+26.34%
5/3/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$125.00 ➝ $105.00+41.13%
5/3/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$90.00 ➝ $80.00+7.53%
5/3/2024TD Cowen
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 Lower TargetBuy ➝ Buy$117.00 ➝ $110.00+47.85%
5/3/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$52.00 ➝ $60.00-17.75%
5/3/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$122.00 ➝ $110.00+46.37%
5/3/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$100.00 ➝ $94.00+5.69%
2/9/2024Truist Financial
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 Boost TargetBuy ➝ Buy$90.00 ➝ $120.00+11.19%
1/18/2024Sanford C. Bernstein
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 Initiated CoverageMarket Perform$85.00+10.33%
1/17/2024Capital One Financial
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 Initiated CoverageEqual Weight$83.00+5.81%
5/1/2023Credit Suisse Group
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 Lower Target$95.00 ➝ $75.00+59.40%
4/28/2023Stifel Nicolaus
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 Lower Target$65.00 ➝ $55.00+25.31%
4/19/2023William Blair
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J. Ho
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Reiterated RatingOutperform
2/6/2023Loop Capital
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 Initiated CoverageHold$52.00-8.60%
11/4/2022Cowen
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 Lower Target$100.00 ➝ $75.00+48.90%
11/2/2022Macquarie
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 Initiated CoverageNeutral$60.00+7.95%
10/25/2022Jefferies Financial Group
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 Lower TargetHold$70.00 ➝ $60.00+11.28%
9/22/2022Moffett Nathanson
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Sterling Auty
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Initiated CoverageBuy$114.00+85.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:17 AM ET.

NET Forecast - Frequently Asked Questions

What is Cloudflare's forecast for 2024?

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $90.92, with a high forecast of $135.00 and a low forecast of $50.00.

Should I buy or sell Cloudflare stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NET, but not buy additional shares or sell existing shares.

Does Cloudflare's stock price have much upside?

According to analysts, Cloudflare's stock has a predicted upside of 17.32% based on their 12-month stock forecasts.

Has Cloudflare been upgraded by Wall Street analysts recently?

Over the previous 90 days, Cloudflare's stock had 2 upgrades by analysts.

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.


This page (NYSE:NET) was last updated on 7/17/2024 by MarketBeat.com Staff

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