In a report released on April 15, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare (NET – Research Report), with a price target of $108.00. The company’s shares closed yesterday at $91.04.
Hedberg covers the Technology sector, focusing on stocks such as UiPath, Autodesk, and Teradata. According to TipRanks, Hedberg has an average return of 9.8% and a 53.23% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $104.65 average price target, which is a 14.95% upside from current levels. In a report released on April 9, Oppenheimer also maintained a Buy rating on the stock with a $122.00 price target.
NET market cap is currently $30.5B and has a P/E ratio of -164.75.
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Cloudflare (NET) Company Description:
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
Read More on NET:
- Cloudflare price target lowered to $95 from $105 at Mizuho
- Booz Allen, Cloudfare now delivering rapid incident response
- Cantor Fitzgerald tech equities analysts hold analyst/industry conference call
- Kyndryl Holdings and Cloudflare announce global strategic alliance
- Goldman Sachs exec Stephanie Cohen to join Cloudflare, FT reports
