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Cloudflare (NET) Stock Forecast & Price Target

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$67.69
-0.29 (-0.43%)
(As of 05/31/2024 ET)
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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

Hold
Based on 23 Analyst Ratings

Consensus Price Target

$91.09
34.56% Upside
High Forecast$135.00
Average Forecast$91.09
Low Forecast$50.00
TypeCurrent Forecast
6/2/23 to 6/1/24		1 Month Ago
5/3/23 to 5/2/24		3 Months Ago
3/4/23 to 3/3/24		1 Year Ago
6/2/22 to 6/2/23
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)
8 Buy rating(s)
9 Buy rating(s)
11 Buy rating(s)
Hold
9 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$91.09$89.09$87.50$61.04
Forecasted Upside34.56% Upside1.28% Upside-0.48% Downside9.18% 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
2.26
2.59
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside34.56% Upside196.49% Upside9.98% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/31/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$108.00 ➝ $90.00+34.65%
5/31/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Y. Lee
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingNeutral ➝ Neutral$80.00 ➝ $80.00+19.39%
5/31/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$135.00 ➝ $135.00+98.59%
5/14/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMarket Outperform ➝ Market Outperform$120.00+64.50%
5/9/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$95.00 ➝ $90.00+22.18%
5/7/2024DZ Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$95.00+27.88%
5/6/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSell ➝ Sell$89.00 ➝ $77.00+2.79%
5/6/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$115.00 ➝ $80.00+7.53%
5/3/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSell ➝ Sell$88.00 ➝ $76.00+1.99%
5/3/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$132.00 ➝ $94.00+26.34%
5/3/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$125.00 ➝ $105.00+41.13%
5/3/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$90.00 ➝ $80.00+7.53%
5/3/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$117.00 ➝ $110.00+47.85%
5/3/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderperform ➝ Underperform$52.00 ➝ $60.00-17.75%
5/3/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$122.00 ➝ $110.00+46.37%
5/3/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Neutral$110.00 ➝ $81.00+7.78%
5/3/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$100.00 ➝ $94.00+5.69%
5/3/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$95.00 ➝ $88.00-1.06%
2/12/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$66.00 ➝ $92.00-12.90%
2/9/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$90.00 ➝ $120.00+11.19%
1/18/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform$85.00+10.33%
1/17/2024Capital One Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageEqual Weight$83.00+5.81%
8/7/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Sell$50.00-28.08%
5/1/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$95.00 ➝ $75.00+59.40%
4/28/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$65.00 ➝ $55.00+25.31%
4/19/2023William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Ho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingOutperform
2/6/2023Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageHold$52.00-8.60%
11/4/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$100.00 ➝ $75.00+48.90%
11/2/2022Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$60.00+7.95%
10/25/2022Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold$70.00 ➝ $60.00+11.28%
9/22/2022Moffett Nathanson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Sterling Auty
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$114.00+85.06%
6/28/2022Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$110.00 ➝ $65.00+31.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:57 PM ET.

NET Frequently Asked Questions

What is Cloudflare's stock forecast and purchase recommendation?

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Cloudflare is $91.09, with a high forecast of $135.00 and a low forecast of $50.00. The consensus rating for Cloudflare stock is Hold based on the current 4 sell ratings, 9 hold ratings and 10 buy ratings for NET. 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 upgraded by Wall Street analysts?

Over the previous 90 days, Cloudflare's stock had 1 upgrade by analysts.

Does Cloudflare's stock price have much upside?

According to analysts, Cloudflare's stock has a predicted upside of 17.44% based on their 12-month stock forecasts.

What analysts cover Cloudflare?

Cloudflare has been rated by research analysts at Bank of America, Cantor Fitzgerald, Citigroup, DZ Bank, JMP Securities, JPMorgan Chase & Co., KeyCorp, Mizuho, Needham & Company LLC, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:NET) was last updated on 6/1/2024 by MarketBeat.com Staff

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