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 $95.00 (represents a 20.88% upside from NET’s last price of $78.59) 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 $95.00 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 20.88% upside from NET's last price of $78.59.

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%), 7 'Buy' (38.89%), 10 'Hold' (55.56%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).

Cloudflare Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 02, 2024Yi Fu LeeCantor Fitzgerald$85.00$74.4014.25%8.16%
Aug 02, 2024Shrenik KothariRobert W. Baird$100.00$74.4034.41%27.24%
Jul 15, 2024James FishPiper Sandler$82.00$82.21-0.26%4.34%
Jun 25, 2024Roger BoydUBS$82.00$78.604.33%4.34%
Jun 17, 2024Hamza FodderwalaMorgan Stanley$92.00$75.6721.57%17.06%
Jun 03, 2024Gabriela BorgesGoldman Sachs$68.00$67.430.85%-13.47%
May 31, 2024Matt HedbergRBC Capital$90.00$67.9832.39%14.52%
May 30, 2024Adam BorgStifel Nicolaus$80.00$67.9817.68%1.79%
May 03, 2024James FishPiper Sandler$81.00$74.488.75%3.07%
May 03, 2024Shaul EyalOppenheimer$110.00$88.9723.64%39.97%
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The latest Cloudflare stock forecast, released on Aug 02, 2024 by Yi Fu Lee from Cantor Fitzgerald, set a price target of $85.00, which represents a 14.25% increase from the stock price at the time of the forecast ($74.40), and a 8.16% increase from NET last price ($78.59).

Cloudflare Price Target by Period


1M3M12M
# Anlaysts-515
Avg Price Target-$88.20$86.87
Last Closing Price$78.59$78.59$78.59
Upside/Downside-100.00%12.23%10.54%

In the current month, the average price target of Cloudflare stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cloudflare's last price of $78.59. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 05, 2024SusquehannaNeutralNeutralHold
Aug 02, 2024RBC CapitalOutperformOutperformHold
Aug 02, 2024Cantor FitzgeraldNeutralNeutralHold
Jul 16, 2024Wolfe Research-Peer PerformInitialise
Jul 15, 2024Piper SandlerNeutralNeutralHold
Jul 08, 2024Wells FargoSector PerformSector PerformHold
Jul 08, 2024Scotiabank-Sector PerformInitialise
Jun 25, 2024UBSUnderperformNeutralUpgrade
Jun 17, 2024Wells FargoBuyBuyHold
Jun 03, 2024Goldman SachsSellSellHold
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Cloudflare's last stock rating was published by Susquehanna on Aug 05, 2024. The company gave NET a "Neutral" rating, the same as its previous rate.

Cloudflare Financial Forecast


Cloudflare Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$362.47M$335.60M$308.49M$290.18M$274.70M$253.86M-$212.17M$193.60M$172.35M$152.43M$138.06M$125.93M$114.16M$99.72M$91.25M$83.93M$73.94M
Avg Forecast$701.60M$653.29M$622.45M$591.22M$575.11M$534.52M$505.56M$478.78M$454.84M$424.16M$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$713.18M$664.07M$632.72M$600.97M$584.60M$543.34M$513.91M$486.68M$462.35M$425.51M$400.61M$379.40M$353.41M$331.18M$310.61M$295.51M$278.59M$254.75M$227.33M$207.17M$186.15M$166.89M$147.16M$131.95M$119.19M$103.95M$94.86M$87.63M$79.70M$70.43M
Low Forecast$699.74M$651.56M$620.80M$589.66M$573.59M$533.11M$504.23M$477.52M$453.64M$423.51M$393.07M$372.25M$352.73M$328.53M$304.76M$289.94M$273.34M$249.96M$227.33M$203.33M$182.70M$163.79M$144.43M$129.50M$116.98M$102.02M$93.10M$86.01M$78.22M$69.13M
# Analysts88128127713917810112313121918189148810148810137
Surprise %------------1.03%1.02%1.01%1.00%1.00%1.01%-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 $372.25M, and a high forecast of $379.40M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts88128127713917810112313121918189148810148810137
EBITDA------------$-42.83M$-39.21M$-56.17M$-47.27M$-14.34M$-12.31M-$-19.44M$-22.49M$-80.95M$-13.35M$-15.34M$-9.42M$-7.23M$-11.52M$-22.45M$-18.83M$-32.90M
Avg Forecast$-76.25M$-71.00M$-67.65M$-64.26M$-62.51M$-58.10M$-54.95M$-52.04M$-49.44M$-46.10M$-42.83M$-23.49M$-38.38M$-35.92M$-33.21M$-21.35M$-29.79M$-111.31M$-24.71M$-19.41M$-13.74M$-101.19M$-17.80M$-15.34M$-12.57M$-10.41M$-15.55M$-29.94M$-21.52M$-25.92M
High Forecast$-76.05M$-70.82M$-67.47M$-64.09M$-62.34M$-57.94M$-54.80M$-51.90M$-49.31M$-46.03M$-42.72M$-18.79M$-38.34M$-35.71M$-33.12M$-17.08M$-29.71M$-89.05M$-24.71M$-15.53M$-11.00M$-80.95M$-14.24M$-12.28M$-10.05M$-8.33M$-12.44M$-23.95M$-17.22M$-20.73M
Low Forecast$-77.51M$-72.18M$-68.77M$-65.32M$-63.54M$-59.05M$-55.86M$-52.90M$-50.25M$-46.25M$-43.54M$-28.18M$-38.41M$-36.00M$-33.76M$-25.62M$-30.28M$-133.57M$-24.71M$-23.29M$-16.49M$-121.43M$-21.36M$-18.41M$-15.08M$-12.49M$-18.66M$-35.93M$-25.83M$-31.10M
Surprise %------------1.12%1.09%1.69%2.21%0.48%0.11%-1.00%1.64%0.80%0.75%1.00%0.75%0.69%0.74%0.75%0.88%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts88128127713917810112313121918189148810148810137
Net Income------------$-27.86M$-23.54M$-94.47M$-38.08M$-45.92M$-42.55M-$-41.38M$-77.50M$-107.33M$-35.51M$-39.96M$-34.02M$-26.47M$-26.14M$-32.75M$-28.16M$-40.85M
Avg Forecast$96.00M$90.39M$87.53M$81.90M$78.16M$74.00M$71.30M$62.65M$58.06M$61.41M$47.96M$-61.17M$41.26M$33.76M$25.46M$-55.61M$15.36M$-147.59M$-2.08M$-50.55M$-47.36M$-134.17M$-47.35M$-39.96M$-45.36M$-38.11M$-35.28M$-43.66M$-32.18M$-32.19M
High Forecast$98.07M$92.33M$89.40M$83.66M$79.84M$75.58M$72.83M$63.99M$59.31M$62.73M$48.99M$-48.94M$42.14M$34.48M$26.00M$-44.49M$15.69M$-118.07M$-2.08M$-40.44M$-37.89M$-107.33M$-37.88M$-31.97M$-36.29M$-30.49M$-28.23M$-34.93M$-25.74M$-25.75M
Low Forecast$95.67M$90.08M$87.23M$81.62M$77.89M$73.74M$71.06M$62.43M$57.86M$58.00M$47.79M$-73.40M$37.82M$30.38M$25.37M$-66.73M$15.31M$-177.10M$-2.08M$-60.66M$-56.83M$-161.00M$-56.82M$-47.96M$-54.43M$-45.74M$-42.34M$-52.39M$-38.61M$-38.62M
Surprise %-------------0.68%-0.70%-3.71%0.68%-2.99%0.29%-0.82%1.64%0.80%0.75%1.00%0.75%0.69%0.74%0.75%0.88%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts88128127713917810112313121918189148810148810137
SG&A------------$225.62M$206.15M$199.84M$185.48M$177.90M$161.41M-$138.09M$130.40M$114.55M$104.92M$97.70M$86.84M$77.51M$72.13M$73.15M$69.39M$71.13M
Avg Forecast$495.27M$461.17M$439.40M$417.35M$405.98M$377.33M$356.89M$337.98M$321.08M$299.42M$278.21M$149.54M$249.27M$233.32M$215.71M$135.95M$193.47M$157.50M$160.47M$123.59M$79.69M$143.18M$139.90M$97.70M$115.79M$72.84M$66.48M$61.41M$55.85M$56.04M
High Forecast$503.44M$468.78M$446.65M$424.24M$412.68M$383.55M$362.78M$343.56M$326.38M$300.37M$282.80M$179.45M$249.48M$233.79M$219.27M$163.14M$196.66M$189.00M$160.47M$148.31M$95.63M$171.82M$167.88M$117.24M$138.95M$73.38M$66.96M$61.86M$56.26M$67.25M
Low Forecast$493.96M$459.95M$438.24M$416.25M$404.91M$376.33M$355.94M$337.09M$320.24M$298.96M$277.47M$119.63M$249.00M$231.92M$215.14M$108.76M$192.96M$126.00M$160.47M$98.87M$63.75M$114.55M$111.92M$78.16M$92.63M$72.02M$65.72M$60.71M$55.22M$44.83M
Surprise %------------0.91%0.88%0.93%1.36%0.92%1.02%-1.12%1.64%0.80%0.75%1.00%0.75%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts88128127713917810112313121918189148810148810137
EPS------------$-0.08$-0.07$-0.28$-0.12$-0.14$-0.13-$-0.13$-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$0.26$0.24$0.23$0.22$0.21$0.18$0.17$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$0.26$0.25$0.23$0.22$0.21$0.19$0.17$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$-0.07$-0.14
Low Forecast$0.28$0.26$0.26$0.24$0.23$0.22$0.21$0.18$0.17$0.17$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%--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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OKTAOkta$74.06$120.6962.96%Hold
ZSZscaler$170.06$232.5436.74%Buy
MDBMongoDB$290.09$373.2728.67%Buy
CRWDCrowdStrike$259.13$322.5624.48%Buy
NETCloudflare$78.59$95.0020.88%Hold
ADBEAdobe$536.87$589.179.74%Buy
PANWPalo Alto Networks$346.90$312.48-9.92%Buy
PLTRPalantir$35.59$20.72-41.78%Buy

NET Forecast FAQ


No, according to 18 Wall Street analysts, Cloudflare (NET) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 38.89% of NET's total ratings.

Cloudflare (NET) average price target is $95 with a range of $50 to $180, implying a 20.88% from its last price of $78.59. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for NET stock, the company can go up by 20.88% (from the last price of $78.59 to the average price target of $95), up by 129.04% based on the highest stock price target, and down by -36.38% based on the lowest stock price target.

NET's highest twelve months analyst stock price target of $180 supports the claim that Cloudflare can reach $120 in the near future.

Cloudflare's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.09B (high $2.13B, low $2.09B), average EBITDA is $-228M (high $-227M, low $-231M), average net income is $286.11M (high $292.25M, low $285.12M), average SG&A $1.48B (high $1.5B, low $1.47B), and average EPS is $0.84 (high $0.858, low $0.837). NET's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.57B (high $2.61B, low $2.56B), average EBITDA is $-279M (high $-278M, low $-284M), average net income is $355.82M (high $363.46M, low $354.6M), average SG&A $1.81B (high $1.84B, low $1.81B), and average EPS is $1.04 (high $1.07, low $1.04).

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 $-129M by 43.94%. The company's net income was $-184M, missing the average estimation of $44.86M by -510.02%. Apple's SG&A was $817.08M, missing the average forecast of $834.24M by -2.06%. 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, beating the average prediction of $-38.379M by 11.60%. Cloudflare's net income was $-27.865M, missing the average estimation of $41.26M by -167.54%. The company's SG&A was $225.62M, missing the average forecast of $249.27M by -9.49%. Lastly, the company's EPS was $-0.0828, missing the average prediction of $0.121 by -168.36%