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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 $89.75 (represents a -20.36% downside from NET’s last price of $112.69) 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 $89.75 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $82.00. This represents a potential -20.36% downside from NET's last price of $112.69.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024James FishPiper Sandler$92.00$88.723.70%-18.36%
Aug 02, 2024Yi Fu LeeCantor Fitzgerald$85.00$74.4014.25%-24.57%
Aug 02, 2024Shrenik KothariRobert W. Baird$100.00$74.4034.41%-11.26%
Jul 15, 2024James FishPiper Sandler$82.00$82.21-0.26%-27.23%
Jun 25, 2024Roger BoydUBS$82.00$78.604.33%-27.23%
Jun 17, 2024Hamza FodderwalaMorgan Stanley$92.00$75.6721.57%-18.36%
Jun 03, 2024Gabriela BorgesGoldman Sachs$68.00$67.430.85%-39.66%
May 31, 2024Matt HedbergRBC Capital$90.00$67.9832.39%-20.13%
May 30, 2024Adam BorgStifel Nicolaus$80.00$67.9817.68%-29.01%
May 03, 2024James FishPiper Sandler$81.00$74.488.75%-28.12%
May 03, 2024Shaul EyalOppenheimer$110.00$88.9723.64%-2.39%
May 03, 2024Roger BoydUBS$76.00$88.97-14.58%-32.56%
May 03, 2024Yi Fu LeeCantor Fitzgerald$80.00$88.97-10.08%-29.01%
May 03, 2024Gregg MoskowitzMizuho Securities$88.00$88.97-1.09%-21.91%
May 03, 2024Thomas BlakeyKeyBanc$94.00$73.0328.71%-16.59%
Apr 15, 2024Gregg MoskowitzMizuho Securities$95.00$93.761.32%-15.70%
Aug 16, 2023John DiFucciGuggenheim$50.00$61.69-18.95%-55.63%
Aug 04, 2023Michael RomanelliMizuho Securities$70.00$69.520.69%-37.88%
Jul 31, 2023Matthew HedbergRBC Capital$71.00$68.633.45%-37.00%
Feb 10, 2023Trevor WalshJMP Securities$90.00$59.6950.78%-20.13%
Nov 04, 2022Matthew HedbergRBC Capital$60.00$41.0946.02%-46.76%
Nov 04, 2022Matthew HedbergRBC Capital$60.00$41.0946.02%-46.76%
Oct 17, 2022Gregg MoskowitzMizuho Securities$65.00$52.1624.62%-42.32%
Oct 17, 2022Andrew NowinskiWells Fargo$65.00$52.1624.62%-42.32%
Aug 23, 2022Gregg MoskowitzMizuho Securities$85.00$65.2630.25%-24.57%
Aug 05, 2022Piper Sandler$73.00$69.724.70%-35.22%
Aug 05, 2022RBC Capital$74.00$58.4326.65%-34.33%
Jul 25, 2022RBC Capital$62.00$50.3123.24%-44.98%
Jul 22, 2022Citigroup$60.00$52.0315.32%-46.76%
Jul 19, 2022Mizuho Securities$76.00$48.8355.64%-32.56%
Jul 18, 2022Wells Fargo$42.00$49.36-14.91%-62.73%
Jun 28, 2022Evercore ISI$65.00$47.0538.14%-42.32%
May 24, 2022Brent ThillJefferies$55.00$56.75-3.08%-51.19%
May 16, 2022Alex HendersonNeedham$100.00$66.3850.65%-11.26%
May 03, 2022Josh FishbeinTruist Financial$180.00$90.7798.30%59.73%
Mar 28, 2022Adam BorgStifel Nicolaus$120.00$126.28-4.97%6.49%
Feb 23, 2022Trevor WalshJMP Securities$175.00$91.3491.59%55.29%
Feb 20, 2022Joseph BonnerArgus Research$160.00$95.8766.89%41.98%
Feb 11, 2022Philip WinslowCredit Suisse$150.00$104.9242.97%33.11%
Feb 11, 2022Thomas BlakeyKeyBanc$150.00$104.9242.97%33.11%
Feb 11, 2022Matthew HedbergRBC Capital$155.00$104.9247.73%37.55%
Feb 11, 2022James FishPiper Sandler$125.00$104.9219.14%10.92%
Feb 11, 2022Andrew NowinskiWells Fargo$120.00$104.9214.37%6.49%
Feb 02, 2022Brent ThillJefferies$110.00$99.8010.22%-2.39%
Jan 24, 2022Fatima BoolaniCitigroup$100.00$93.287.20%-11.26%
Jan 23, 2022Phil WinslowCredit Suisse$140.00$88.5558.10%24.23%
Dec 14, 2021Sterling AutyJ.P. Morgan$144.00$132.009.09%27.78%

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 -18.36% decrease from NET last price ($112.69).

Cloudflare Price Target by Period

1M3M12M
# Anlaysts-116
Avg Price Target-$92.00$87.19
Last Closing Price$112.69$112.69$112.69
Upside/Downside-100.00%-18.36%-22.63%

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 $112.69. 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
Oct 08, 2024Sandler O'NeillUnderperformUnderperformHold
Oct 08, 2024SusquehannaBuyBuyHold
Oct 08, 2024Exane BNP ParibasUnderperformInitialise
Aug 05, 2024SusquehannaNeutralNeutralHold
Aug 02, 2024RBC CapitalOutperformOutperformHold
Aug 02, 2024Cantor FitzgeraldNeutralNeutralHold
Jul 16, 2024Wolfe ResearchPeer PerformInitialise
Jul 15, 2024Piper SandlerNeutralNeutralHold
Jul 08, 2024Wells FargoSector PerformSector PerformHold
Jul 08, 2024ScotiabankSector PerformInitialise
Jun 25, 2024UBSUnderperformNeutralUpgrade
Jun 17, 2024Wells FargoBuyBuyHold
Jun 03, 2024Goldman SachsSellSellHold
Jun 03, 2024CitigroupNeutralNeutralHold
May 31, 2024Cowen & Co.BuyBuyHold
May 31, 2024Wells FargoMarket OutperformMarket OutperformHold
May 31, 2024RBC CapitalOutperformOutperformHold
May 09, 2024CitigroupNeutralNeutralHold
May 06, 2024Wells FargoBuyBuyHold
May 06, 2024UBSUnderperformUnderperformHold
May 03, 2024Piper SandlerNeutralNeutralHold
May 03, 2024OppenheimerOutperformOutperformHold
May 03, 2024UBSSellSellHold
May 03, 2024Cantor FitzgeraldNeutralNeutralHold
May 03, 2024KeyBancOverweightOverweightHold
Apr 15, 2024Wells FargoBuyBuyHold
Feb 09, 2024NeedhamBuyBuyHold
Feb 09, 2024Wells FargoOverweightOverweightHold
Feb 09, 2024SusquehannaNeutralNeutralHold
Feb 09, 2024RBC CapitalOutperformOutperformHold
Jul 31, 2023RBC CapitalOutperformOutperformHold
May 05, 2023GuggenheimNeutralUpgrade
Oct 17, 2022Wells FargoOverweightBuyUpgrade
Oct 17, 2022Wells FargoEqual-WeightOverweightUpgrade
Aug 05, 2022KeyBancOverweightOverweightHold
Aug 05, 2022Credit SuisseOutperformOutperformHold
Aug 05, 2022BTIGNeutralNeutralHold
Aug 05, 2022Piper SandlerNeutralNeutralHold
Jul 25, 2022RBC CapitalOutperformOutperformHold
Jul 22, 2022CitigroupNeutralNeutralHold
Jul 18, 2022Wells FargoEqual-WeightEqual-WeightHold
Jun 28, 2022Evercore ISIOutperformOutperformHold
May 23, 2022JefferiesHoldHoldHold
May 16, 2022NeedhamBuyBuyHold
Jan 23, 2022Credit SuisseOutperformUpgrade
Aug 07, 2021RBC CapitalOutperformOutperformHold
Nov 02, 2020OppenheimerOutperformOutperformHold
Nov 02, 2020RBC CapitalOutperformOutperformHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 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$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$707.75M$665.46M$626.67M$593.12M$570.65M$536.49M$502.13M$473.70M$452.04M$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$722.93M$679.73M$640.11M$605.84M$582.88M$547.99M$512.90M$479.45M$453.34M$424.15M$394.11M$373.24M$353.41M$331.18M$312.12M$296.94M$279.94M$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$700.35M$658.51M$620.12M$586.92M$564.69M$530.88M$496.88M$468.06M$451.54M$424.13M$394.11M$373.24M$352.73M$328.53M$302.38M$287.67M$271.20M$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
# Analysts999913131315189510112313121918171611111122111111111110
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999913131315189510112313121918171611111122111111111110
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$-103.11M$-96.95M$-91.30M$-86.41M$-83.14M$-78.16M$-73.16M$-69.01M$-65.86M$-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$-102.03M$-95.94M$-90.35M$-85.51M$-82.27M$-77.34M$-72.39M$-68.19M$-65.78M$-61.79M$-57.42M$-18.79M$-51.39M$-47.86M$-44.05M$-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$-105.32M$-99.03M$-93.26M$-88.26M$-84.92M$-79.84M$-74.72M$-69.85M$-66.05M$-61.79M$-57.42M$-28.18M$-51.49M$-48.25M$-45.47M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999913131315189510112313121918171611111122111111111110
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$78.22M$75.36M$69.25M$61.18M$61.33M$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$98.59M$94.68M$87.75M$80.00M$80.41M$77.46M$71.18M$62.88M$63.04M$61.47M$48.23M$-48.94M$42.62M$34.87M$26.30M$-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$94.61M$90.86M$84.21M$76.77M$77.16M$74.34M$68.31M$57.96M$54.52M$61.35M$48.16M$-73.40M$38.01M$30.53M$25.24M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999913131315189510112313121918171611111122111111111110
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$499.87M$470.00M$442.60M$418.90M$403.03M$378.91M$354.64M$334.57M$319.26M$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$510.58M$480.07M$452.09M$427.89M$411.68M$387.03M$362.25M$338.63M$320.18M$299.57M$278.35M$179.45M$249.61M$233.91M$220.44M$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$494.64M$465.09M$437.98M$414.53M$398.82M$374.95M$350.94M$330.58M$318.91M$299.55M$278.35M$119.63M$249.13M$232.04M$213.56M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999913131315189510112313121918171611111122111111111110
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$0.28$0.26$0.23$0.23$0.23$0.21$0.18$0.18$0.18$0.14$0.13$0.12$0.10$0.08$0.04$0.05-$-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$0.22$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PANWPalo Alto Networks$201.24$400.2998.91%Buy
ADBEAdobe$455.23$614.2534.93%Buy
MDBMongoDB$265.10$350.0032.03%Buy
OKTAOkta$85.42$93.389.32%Hold
ZSZscaler$200.45$209.914.72%Buy
CRWDCrowdStrike$376.42$349.42-7.17%Buy
NETCloudflare$117.56$89.75-23.66%Hold
PLTRPalantir$74.39$42.17-43.31%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 $89.75 with a range of $82 to $100, implying a -20.36% from its last price of $112.69. 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 -20.36% (from the last price of $112.69 to the average price target of $89.75), down by -11.26% based on the highest stock price target, and down by -27.23% based on the lowest stock price target.

Can Cloudflare stock reach $200?

NET's average twelve months analyst stock price target of $89.75 does not support the claim that Cloudflare can reach $200 in the near future.

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 $2.12B, low $2.06B), average EBITDA is $-303M (high $-300M, low $-309M), average net income is $284.02M (high $291.93M, low $277.77M), average SG&A $1.47B (high $1.5B, low $1.46B), and average EPS is $0.83 (high $0.853, low $0.811). NET's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.59B (high $2.65B, low $2.57B), average EBITDA is $-378M (high $-374M, low $-386M), average net income is $351.22M (high $361.01M, low $346.45M), average SG&A $1.83B (high $1.87B, low $1.81B), and average EPS is $1.03 (high $1.05, low $1.01).

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%