
Cloudflare (NET) Stock Forecast & Price Target
Cloudflare (NET) Analyst Ratings
Bulls say
Cloudflare demonstrated a robust performance with a revenue increase of 34% year-over-year, totaling $614.5 million, surpassing management's guidance and indicating strong operational execution. The company also showcased impressive customer growth, with a 33% year-over-year rise in New Logos, reaching approximately 30,000, contributing to a total of around 296,000 paying customers. Additionally, the Dollar-Based Net Retention rate improved to 120%, reflecting strong relationships and upsell opportunities with existing clients, further underscoring the company's positive business momentum and growth prospects.
Bears say
The financial analysis indicates a negative outlook on Cloudflare's stock primarily due to valuation risks associated with its high growth status and longer pathway to profitability, which has led to increased skepticism among investors. Recent profitability metrics were only slightly above consensus and showed a sequential decline, while guidance for key financial figures such as Operating Income and EPS was below market expectations, raising concerns over future performance. Additionally, decreasing gross margins and the potential for downward revisions to Street targets further highlight the challenges faced by Cloudflare in maintaining investor confidence and achieving sustainable growth.
This aggregate rating is based on analysts' research of Cloudflare and is not a guaranteed prediction by Public.com or investment advice.
Cloudflare (NET) Analyst Forecast & Price Prediction
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