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Cloudflare Inc has a consensus price target of $90.33 based on the ratings of 29 analysts. The high is $135 issued by Needham on August 2, 2024. The low is $50 issued by Cantor Fitzgerald on April 28, 2023. The 3 most-recent analyst ratings were released by UBS, Wells Fargo, and Scotiabank on November 8, 2024, respectively. With an average price target of $97.33 between UBS, Wells Fargo, and Scotiabank, there's an implied -5.50% downside for Cloudflare Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cloudflare (NYSE:NET) was reported by UBS on November 8, 2024. The analyst firm set a price target for $95.00 expecting NET to fall to within 12 months (a possible -7.77% downside). 59 analyst firms have reported ratings in the last year.
The latest analyst rating for Cloudflare (NYSE:NET) was provided by UBS, and Cloudflare maintained their neutral rating.
The last upgrade for Cloudflare Inc happened on June 25, 2024 when UBS raised their price target to $82. UBS previously had a sell for Cloudflare Inc.
The last downgrade for Cloudflare Inc happened on February 13, 2024 when DZ Bank changed their price target from N/A to $110 for Cloudflare Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cloudflare, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cloudflare was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest Cloudflare (NET) rating was a maintained with a price target of $88.00 to $95.00. The current price Cloudflare (NET) is trading at is $103.00, which is out of the analyst’s predicted range.
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