What Analysts Are Saying About Cloudflare Stock

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Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Cloudflare NET in the last three months.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 2 6 1 0
Last 30D 1 0 0 0 0
1M Ago 1 0 2 0 0
2M Ago 0 2 3 0 0
3M Ago 0 0 1 1 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $110.0, a high estimate of $140.00, and a low estimate of $65.00. This upward trend is evident, with the current average reflecting a 19.7% increase from the previous average price target of $91.90.

price target chart

Understanding Analyst Ratings: A Comprehensive Breakdown

In examining recent analyst actions, we gain insights into how financial experts perceive Cloudflare. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Gabriela Borges Goldman Sachs Raises Buy $140.00 $77.00
Brent Thill Jefferies Raises Hold $125.00 $100.00
Adam Borg Stifel Raises Buy $136.00 $95.00
Gregg Moskowitz Mizuho Raises Neutral $125.00 $102.00
Keith Weiss Morgan Stanley Raises Overweight $130.00 $92.00
Roger Boyd UBS Raises Neutral $95.00 $88.00
Andrew Nowinski Wells Fargo Raises Overweight $110.00 $105.00
Patrick Colville Scotiabank Raises Sector Perform $87.00 $85.00
James Fish Piper Sandler Raises Neutral $92.00 $83.00
Gregg Moskowitz Mizuho Raises Neutral $105.00 $92.00
Andrew DeGasperi Exane BNP Paribas Announces Underperform $65.00 -

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cloudflare. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cloudflare compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of Cloudflare's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Cloudflare's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Cloudflare analyst ratings.

Unveiling the Story Behind Cloudflare

Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Cloudflare: A Financial Overview

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Revenue Growth: Cloudflare's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 28.15%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Cloudflare's net margin excels beyond industry benchmarks, reaching -3.56%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Cloudflare's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -1.65%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.51%, the company showcases effective utilization of assets.

Debt Management: With a below-average debt-to-equity ratio of 1.49, Cloudflare adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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