Cloudflare (NET) Stock Forecast, Price Target & Predictions

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NET Stock Forecast

Cloudflare stock forecast is as follows: an average price target of $95.45 (represents a -1.06% downside from NET’s last price of $96.47) and a rating consensus of 'Hold', based on 18 wall street analysts offering a 1-year stock forecast.

NET Price Target

The average price target for Cloudflare (NET) is $95.45 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $180.00 to $50.00. This represents a potential -1.06% downside from NET's last price of $96.47.

NET Analyst Ratings

Hold

According to 18 Wall Street analysts, Cloudflare's rating consensus is 'Hold'. The analyst rating breakdown for NET stock is 0 'Strong Buy' (0.00%), 8 'Buy' (44.44%), 9 'Hold' (50.00%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).

Cloudflare Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 08, 2024	James Fish	Piper Sandler	$92.00	$88.72	3.70%	-4.63%
Aug 02, 2024	Yi Fu Lee	Cantor Fitzgerald	$85.00	$74.40	14.25%	-11.89%
Aug 02, 2024	Shrenik Kothari	Robert W. Baird	$100.00	$74.40	34.41%	3.66%
Jul 15, 2024	James Fish	Piper Sandler	$82.00	$82.21	-0.26%	-15.00%
Jun 25, 2024	Roger Boyd	UBS	$82.00	$78.60	4.33%	-15.00%
Jun 17, 2024	Hamza Fodderwala	Morgan Stanley	$92.00	$75.67	21.57%	-4.63%
Jun 03, 2024	Gabriela Borges	Goldman Sachs	$68.00	$67.43	0.85%	-29.51%
May 31, 2024	Matt Hedberg	RBC Capital	$90.00	$67.98	32.39%	-6.71%
May 30, 2024	Adam Borg	Stifel Nicolaus	$80.00	$67.98	17.68%	-17.07%
May 03, 2024	James Fish	Piper Sandler	$81.00	$74.48	8.75%	-16.04%

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The latest Cloudflare stock forecast, released on Nov 08, 2024 by James Fish from Piper Sandler, set a price target of $92.00, which represents a 3.70% increase from the stock price at the time of the forecast ($88.72), and a -4.63% decrease from NET last price ($96.47).

Cloudflare Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	16
Avg Price Target	$92.00	$92.00	$87.19
Last Closing Price	$96.47	$96.47	$96.47
Upside/Downside	-4.63%	-4.63%	-9.62%

In the current month, the average price target of Cloudflare stock is $92.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a -4.63% decrease as opposed to Cloudflare's last price of $96.47. This month's average price target is down 0.00% compared to last quarter, and up 5.52% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 08, 2024	Sandler O'Neill	Underperform	Underperform	Hold
Oct 08, 2024	Susquehanna	Buy	Buy	Hold
Oct 08, 2024	Exane BNP Paribas	-	Underperform	Initialise
Aug 05, 2024	Susquehanna	Neutral	Neutral	Hold
Aug 02, 2024	RBC Capital	Outperform	Outperform	Hold
Aug 02, 2024	Cantor Fitzgerald	Neutral	Neutral	Hold
Jul 16, 2024	Wolfe Research	-	Peer Perform	Initialise
Jul 15, 2024	Piper Sandler	Neutral	Neutral	Hold
Jul 08, 2024	Wells Fargo	Sector Perform	Sector Perform	Hold
Jul 08, 2024	Scotiabank	-	Sector Perform	Initialise

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Cloudflare's last stock rating was published by Sandler O'Neill on Oct 08, 2024. The company gave NET a "Underperform" rating, the same as its previous rate.

Cloudflare Financial Forecast

Cloudflare Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$362.47M	$335.60M	$308.49M	$290.18M	$274.70M	$253.86M	$234.52M	$212.17M	$193.60M	$172.35M	$152.43M	$138.06M	$125.93M	$114.16M	$99.72M	$91.25M	$83.93M	$73.94M
Avg Forecast	$705.19M	$663.79M	$624.98M	$591.43M	$570.88M	$536.66M	$502.35M	$474.07M	$452.05M	$424.14M	$394.11M	$373.24M	$353.11M	$330.51M	$305.57M	$290.71M	$274.07M	$250.62M	$227.33M	$205.66M	$184.79M	$165.67M	$146.09M	$130.98M	$118.32M	$103.19M	$94.17M	$86.99M	$79.12M	$69.92M
High Forecast	$716.41M	$674.36M	$634.93M	$600.85M	$579.97M	$545.20M	$510.35M	$478.40M	$453.34M	$424.15M	$394.11M	$373.24M	$353.41M	$331.18M	$310.44M	$295.34M	$278.43M	$250.62M	$227.33M	$205.66M	$184.79M	$165.67M	$146.09M	$130.98M	$118.32M	$103.19M	$94.17M	$86.99M	$79.12M	$69.92M
Low Forecast	$699.80M	$658.72M	$620.21M	$586.91M	$566.52M	$532.56M	$498.51M	$469.64M	$451.54M	$424.13M	$394.11M	$373.24M	$352.73M	$328.53M	$303.24M	$288.49M	$271.97M	$250.62M	$227.33M	$205.66M	$184.79M	$165.67M	$146.09M	$130.98M	$118.32M	$103.19M	$94.17M	$86.99M	$79.12M	$69.92M
# Analysts	9	7	11	7	6	12	6	14	18	9	5	10	11	23	13	12	19	18	17	16	11	11	11	22	11	11	11	11	11	10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.03%	1.02%	1.01%	1.00%	1.00%	1.01%	1.03%	1.03%	1.05%	1.04%	1.04%	1.05%	1.06%	1.11%	1.06%	1.05%	1.06%	1.06%

Cloudflare's average Quarter revenue forecast for Mar 24 based on 10 analysts is $373.24M, with a low forecast of $373.24M, and a high forecast of $373.24M. NET's average Quarter revenue forecast represents a 2.97% increase compared to the company's last Quarter revenue of $362.47M (Dec 23).

Cloudflare EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	9	7	11	7	6	12	6	14	18	9	5	10	11	23	13	12	19	18	17	16	11	11	11	22	11	11	11	11	11	10
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$-42.83M	$-39.21M	$-56.17M	$-47.27M	$-14.34M	$-12.31M	$-37.33M	$-19.44M	$-22.49M	$-80.95M	$-13.35M	$-15.34M	$-9.42M	$-7.23M	$-11.52M	$-22.45M	$-18.83M	$-32.90M
Avg Forecast	$-102.74M	$-96.71M	$-91.05M	$-86.17M	$-83.17M	$-78.19M	$-73.19M	$-69.07M	$-65.86M	$-61.79M	$-57.42M	$-23.49M	$-51.44M	$-48.15M	$-44.52M	$-21.35M	$-15.12M	$-27.24M	$-24.71M	$-19.41M	$-20.08M	$-18.01M	$-15.88M	$-15.34M	$-12.86M	$-11.22M	$-10.24M	$-29.94M	$-8.60M	$-25.92M
High Forecast	$-101.95M	$-95.97M	$-90.36M	$-85.51M	$-82.54M	$-77.59M	$-72.63M	$-68.42M	$-65.78M	$-61.79M	$-57.42M	$-18.79M	$-51.39M	$-47.86M	$-44.18M	$-17.08M	$-12.09M	$-27.24M	$-24.71M	$-15.53M	$-20.08M	$-18.01M	$-15.88M	$-12.28M	$-12.86M	$-11.22M	$-10.24M	$-23.95M	$-8.60M	$-20.73M
Low Forecast	$-104.37M	$-98.25M	$-92.50M	$-87.54M	$-84.50M	$-79.43M	$-74.35M	$-69.70M	$-66.05M	$-61.79M	$-57.42M	$-28.18M	$-51.49M	$-48.25M	$-45.23M	$-25.62M	$-18.14M	$-27.24M	$-24.71M	$-23.29M	$-20.08M	$-18.01M	$-15.88M	$-18.41M	$-12.86M	$-11.22M	$-10.24M	$-35.93M	$-8.60M	$-31.10M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.83%	0.81%	1.26%	2.21%	0.95%	0.45%	1.51%	1.00%	1.12%	4.50%	0.84%	1.00%	0.73%	0.64%	1.13%	0.75%	2.19%	1.27%

undefined analysts predict NET's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Cloudflare's previous annual EBITDA (undefined) of $NaN.

Cloudflare Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	9	7	11	7	6	12	6	14	18	9	5	10	11	23	13	12	19	18	17	16	11	11	11	22	11	11	11	11	11	10
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$-27.86M	$-23.54M	$-94.47M	$-38.08M	$-45.92M	$-42.55M	$-63.54M	$-41.38M	$-77.50M	$-107.33M	$-35.51M	$-39.96M	$-34.02M	$-26.47M	$-26.14M	$-32.75M	$-28.16M	$-40.85M
Avg Forecast	$95.91M	$92.11M	$85.37M	$77.83M	$78.20M	$75.36M	$69.94M	$60.99M	$61.04M	$61.41M	$48.20M	$-61.17M	$41.47M	$33.93M	$25.58M	$-55.61M	$-52.10M	$1.17M	$-2.10M	$-50.55M	$-1.45M	$-12.42M	$-12.20M	$-39.96M	$-11.66M	$-17.67M	$-20.21M	$-43.66M	$-23.36M	$-32.19M
High Forecast	$97.90M	$94.02M	$87.14M	$79.44M	$79.82M	$76.92M	$71.39M	$62.25M	$62.31M	$61.47M	$48.23M	$-48.94M	$42.33M	$34.63M	$26.11M	$-44.49M	$-41.68M	$1.17M	$-2.10M	$-40.44M	$-1.45M	$-12.42M	$-12.20M	$-31.97M	$-11.66M	$-17.67M	$-20.21M	$-34.93M	$-23.36M	$-25.75M
Low Forecast	$94.96M	$91.20M	$84.52M	$77.05M	$77.42M	$74.61M	$69.25M	$57.78M	$54.26M	$61.35M	$48.16M	$-73.40M	$38.01M	$30.53M	$25.33M	$-66.73M	$-62.52M	$1.17M	$-2.10M	$-60.66M	$-1.45M	$-12.42M	$-12.20M	$-47.96M	$-11.66M	$-17.67M	$-20.21M	$-52.39M	$-23.36M	$-38.62M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.67%	-0.69%	-3.69%	0.68%	0.88%	-36.22%	30.30%	0.82%	53.31%	8.64%	2.91%	1.00%	2.92%	1.50%	1.29%	0.75%	1.21%	1.27%

Cloudflare's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. NET's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Cloudflare SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	9	7	11	7	6	12	6	14	18	9	5	10	11	23	13	12	19	18	17	16	11	11	11	22	11	11	11	11	11	10
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	$225.62M	$206.15M	$199.84M	$185.48M	$177.90M	$161.41M	$168.14M	$138.09M	$130.40M	$114.55M	$104.92M	$97.70M	$86.84M	$77.51M	$72.13M	$73.15M	$69.39M	$71.13M
Avg Forecast	$498.05M	$468.82M	$441.41M	$417.71M	$403.20M	$379.03M	$354.80M	$334.82M	$319.27M	$299.56M	$278.35M	$149.54M	$249.39M	$233.43M	$215.82M	$135.95M	$87.66M	$176.92M	$160.47M	$123.59M	$130.45M	$116.95M	$103.13M	$97.70M	$83.52M	$72.84M	$66.48M	$61.41M	$55.85M	$56.04M
High Forecast	$505.98M	$476.28M	$448.43M	$424.36M	$409.62M	$385.06M	$360.45M	$337.88M	$320.18M	$299.57M	$278.35M	$179.45M	$249.61M	$233.91M	$219.25M	$163.14M	$105.19M	$176.92M	$160.47M	$148.31M	$130.45M	$116.95M	$103.13M	$117.24M	$83.52M	$72.84M	$66.48M	$61.41M	$55.85M	$67.25M
Low Forecast	$494.25M	$465.24M	$438.03M	$414.52M	$400.12M	$376.13M	$352.09M	$331.69M	$318.91M	$299.55M	$278.35M	$119.63M	$249.13M	$232.04M	$214.17M	$108.76M	$70.13M	$176.92M	$160.47M	$98.87M	$130.45M	$116.95M	$103.13M	$78.16M	$83.52M	$72.84M	$66.48M	$61.41M	$55.85M	$44.83M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.90%	0.88%	0.93%	1.36%	2.03%	0.91%	1.05%	1.12%	1.00%	0.98%	1.02%	1.00%	1.04%	1.06%	1.09%	1.19%	1.24%	1.27%

Cloudflare's average Quarter SG&A projection for Mar 24 is $149.54M, based on 10 Wall Street analysts, with a range of $119.63M to $179.45M. The forecast indicates a -33.72% fall compared to NET last annual SG&A of $225.62M (Dec 23).

Cloudflare EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	9	7	11	7	6	12	6	14	18	9	5	10	11	23	13	12	19	18	17	16	11	11	11	22	11	11	11	11	11	10
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$-0.08	$-0.07	$-0.28	$-0.12	$-0.14	$-0.13	$-0.20	$-0.13	$-0.24	$-0.34	$-0.12	$-0.13	$-0.11	$-0.09	$-0.09	$-0.11	$-0.10	$-0.35
Avg Forecast	$0.28	$0.27	$0.25	$0.23	$0.23	$0.22	$0.20	$0.18	$0.18	$0.18	$0.14	$0.13	$0.12	$0.10	$0.07	$0.03	$0.05	-	$-0.01	-	$-0.00	$-0.04	$-0.04	$-0.03	$-0.03	$-0.05	$-0.06	$-0.06	$-0.07	$-0.15
High Forecast	$0.29	$0.27	$0.25	$0.23	$0.23	$0.22	$0.21	$0.18	$0.18	$0.18	$0.14	$0.13	$0.12	$0.10	$0.08	$0.03	$0.05	-	$-0.01	-	$-0.00	$-0.04	$-0.04	$-0.03	$-0.03	$-0.05	$-0.06	$-0.06	$-0.07	$-0.15
Low Forecast	$0.28	$0.27	$0.25	$0.23	$0.23	$0.22	$0.20	$0.17	$0.16	$0.18	$0.14	$0.13	$0.11	$0.09	$0.07	$0.03	$0.04	-	$-0.01	-	$-0.00	$-0.04	$-0.04	$-0.03	$-0.03	$-0.05	$-0.06	$-0.06	$-0.07	$-0.15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-0.68%	-0.71%	-3.75%	-3.51%	-3.10%	-37.70%	32.49%	-98.71%	56.23%	9.36%	3.35%	4.41%	3.21%	1.73%	1.52%	1.83%	1.46%	2.38%

According to undefined Wall Street analysts, Cloudflare's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to NET previous annual EPS of $NaN (undefined).

Cloudflare Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
OKTA	Okta	$73.69	$116.97	58.73%	Hold
MDB	MongoDB	$281.76	$373.27	32.48%	Buy
ADBE	Adobe	$499.50	$592.03	18.52%	Buy
ZS	Zscaler	$200.94	$233.41	16.16%	Buy
NET	Cloudflare	$96.47	$95.45	-1.06%	Hold
CRWD	CrowdStrike	$350.15	$321.14	-8.29%	Buy
PANW	Palo Alto Networks	$392.89	$323.26	-17.72%	Buy
PLTR	Palantir	$62.12	$24.34	-60.82%	Hold

NET Forecast FAQ

Is Cloudflare a good buy?

No, according to 18 Wall Street analysts, Cloudflare (NET) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 44.44% of NET's total ratings.

What is NET's price target?

Cloudflare (NET) average price target is $95.45 with a range of $50 to $180, implying a -1.06% from its last price of $96.47. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cloudflare stock go up soon?

According to Wall Street analysts' prediction for NET stock, the company can go down by -1.06% (from the last price of $96.47 to the average price target of $95.45), up by 86.59% based on the highest stock price target, and down by -48.17% based on the lowest stock price target.

Can Cloudflare stock reach $140?

NET's highest twelve months analyst stock price target of $180 supports the claim that Cloudflare can reach $140 in the near future.

What is Cloudflare's current price target trend?

1 Wall Street analyst forecast a $92 price target for Cloudflare (NET) this month, down -4.63% from its last price of $96.47. Compared to the last 3 and 12 months, the average price target decreased by -4.63% and decreased by -9.62%, respectively.

What are Cloudflare's analysts' financial forecasts?

Cloudflare's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.08B (high $2.11B, low $2.07B), average EBITDA is $-304M (high $-301M, low $-308M), average net income is $284.49M (high $290.39M, low $279.06M), average SG&A $1.47B (high $1.49B, low $1.46B), and average EPS is $0.831 (high $0.848, low $0.815). NET's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.59B (high $2.63B, low $2.57B), average EBITDA is $-377M (high $-374M, low $-383M), average net income is $351.22M (high $358.49M, low $347.73M), average SG&A $1.83B (high $1.86B, low $1.81B), and average EPS is $1.03 (high $1.05, low $1.02).

Did the NET's actual financial results beat the analysts' financial forecasts?

Based on Cloudflare's last annual report (Dec 2023), the company's revenue was $1.3B, beating the average analysts forecast of $1.28B by 1.32%. Apple's EBITDA was $-185M, beating the average prediction of $-165M by 12.10%. The company's net income was $-184M, missing the average estimation of $45.37M by -505.47%. Apple's SG&A was $817.08M, missing the average forecast of $834.59M by -2.10%. Lastly, the company's EPS was $-0.55, missing the average prediction of $0.329 by -267.08%. In terms of the last quarterly report (Dec 2023), Cloudflare's revenue was $362.47M, beating the average analysts' forecast of $353.11M by 2.65%. The company's EBITDA was $-42.829M, missing the average prediction of $-51.445M by -16.75%. Cloudflare's net income was $-27.865M, missing the average estimation of $41.47M by -167.20%. The company's SG&A was $225.62M, missing the average forecast of $249.39M by -9.53%. Lastly, the company's EPS was $-0.0828, missing the average prediction of $0.121 by -168.36%