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NYSE: NET
Cloudflare Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for NET

Based on 22 analysts offering 12 month price targets for Cloudflare Inc.
Min Forecast
$36.00-36.44%
Avg Forecast
$68.50+20.94%
Max Forecast
$114.00+101.27%

Should I buy or sell NET stock?

Based on 22 analysts offering ratings for Cloudflare Inc.
Buy
Strong Buy
4 analysts 18.18%
Buy
7 analysts 31.82%
Hold
9 analysts 40.91%
Sell
0 analysts 0%
Strong Sell
2 analysts 9.09%

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NET stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Needham
Top 3%
98
BuyReiterates$77.00+35.95%2023-03-22
Goldman Sachs
Bottom 10%
10
Strong SellInitiates Coverage On$51.00-9.96%2023-02-14
Citigroup
Bottom 17%
17
HoldMaintains$59.00+4.17%2023-02-13
Credit Suisse
Top 11%
90
BuyReiterates$95.00+67.73%2023-02-13
Truist Securities
Top 21%
80
Strong BuyMaintains$80.00+41.24%2023-02-10
RBC Capital
Bottom 2%
2
BuyMaintains$70.00+23.59%2023-02-10
Mizuho
Bottom 3%
3
HoldMaintains$60.00+5.93%2023-02-10
Piper Sandler
Bottom 10%
10
HoldMaintains$64.00+12.99%2023-02-10
KeyBanc
Bottom 11%
11
Strong BuyMaintains$80.00+41.24%2023-02-10
Loop Capital
Top 21%
80
HoldInitiates Coverage On$52.00-8.19%2023-02-07

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Forecast return on equity

Is NET forecast to generate an efficient return?
Company
N/A
Industry
55.16%
Market
28.63%

Forecast return on assets

Is NET forecast to generate an efficient return on assets?
Company
N/A
Industry
27.61%

NET earnings per share forecast

What is NET's earnings per share in the next 2 years based on estimates from 8 analysts?
Avg 1 year Forecast
-$0.51
Avg 2 year Forecast
-$0.50

NET revenue forecast

What is NET's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$1.3B+35.28%
Avg 2 year Forecast
$1.7B+78.8%
Avg 3 year Forecast
$3.3B+236.89%
NET's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NET revenue growth forecast

How is NET forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
44.24%
Industry
8.54%
Market
8.77%
NET's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NET's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NET vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
NET$56.64$68.50+20.94%Buy
PLTR$8.20$8.69+6.00%Hold
VRSN$201.88$258.50+28.05%Strong Buy
ZS$111.93$186.91+66.99%Buy
CHKP$128.40$137.38+6.99%Hold
View Top Software Infrastructure Stocks

Cloudflare Stock Forecast FAQ

Is Cloudflare Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 22 Wall Street analysts covering (NYSE: NET) stock is to Buy NET stock.

Out of 22 analysts, 4 (18.18%) are recommending NET as a Strong Buy, 7 (31.82%) are recommending NET as a Buy, 9 (40.91%) are recommending NET as a Hold, 0 (0%) are recommending NET as a Sell, and 2 (9.09%) are recommending NET as a Strong Sell.

If you're new to stock investing, here's how to buy Cloudflare stock.

What is NET's earnings growth forecast for 2023-2024?

(NYSE: NET) Cloudflare's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 10.87%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.51%.

Cloudflare's earnings in 2023 is -$193,381,000.On average, 8 Wall Street analysts forecast NET's earnings for 2023 to be -$168,465,573, with the lowest NET earnings forecast at -$198,194,792, and the highest NET earnings forecast at -$122,220,122.

In 2024, NET is forecast to generate -$165,162,327 in earnings, with the lowest earnings forecast at -$175,072,066 and the highest earnings forecast at -$155,252,587.

What is NET's revenue growth forecast for 2023-2025?

(NYSE: NET) Cloudflare's forecast annual revenue growth rate of 44.24% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 8.54%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.77%.

Cloudflare's revenue in 2023 is $975,241,000.On average, 9 Wall Street analysts forecast NET's revenue for 2023 to be $435,786,744,314, with the lowest NET revenue forecast at $418,191,010,698, and the highest NET revenue forecast at $449,076,365,754. On average, 2 Wall Street analysts forecast NET's revenue for 2024 to be $576,001,962,045, with the lowest NET revenue forecast at $565,677,665,016, and the highest NET revenue forecast at $586,326,259,075.

In 2025, NET is forecast to generate $1,085,281,647,432 in revenue, with the lowest revenue forecast at $1,085,281,647,432 and the highest revenue forecast at $1,085,281,647,432.

What is NET's forecast return on assets (ROA) for 2023-2026?

(NYSE: NET) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 27.61%.

What is NET's Price Target?

According to 22 Wall Street analysts that have issued a 1 year NET price target, the average NET price target is $68.50, with the highest NET stock price forecast at $114.00 and the lowest NET stock price forecast at $36.00.

On average, Wall Street analysts predict that Cloudflare's share price could reach $68.50 by Mar 22, 2024. The average Cloudflare stock price prediction forecasts a potential upside of 20.94% from the current NET share price of $56.64.

What is NET's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: NET) Cloudflare's current Earnings Per Share (EPS) is -$0.59. On average, analysts forecast that NET's EPS will be -$0.51 for 2023, with the lowest EPS forecast at -$0.60, and the highest EPS forecast at -$0.37. In 2024, NET's EPS is forecast to hit -$0.50 (min: -$0.53, max: -$0.47).

What is NET's forecast return on equity (ROE) for 2023-2026?

(NYSE: NET) forecast ROE is N/A, which is considered weak.
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