Analyst Expectations for Cloudflare's Future
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 6 Wall Street analysts have published their opinions on Cloudflare (NYSE:NET), with an average 12-month price target of $59.5, a high of $65.00, and a low of $52.00. The current average price target represents a 6.25% increase from the previous target of $56.00. Ratings are mixed, with 1 somewhat bullish, 4 indifferent, and 1 somewhat bearish. No bullish or bearish ratings were given. Analysts rate stocks to predict performance and provide investment guidance, with updates and success scores available on Benzinga Pro.

November 21, 2023 | 1:00 pm
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Cloudflare's stock has a new average price target of $59.5, up 6.25% from the previous target, with mixed analyst ratings over the past 3 months.
The updated average price target suggests a modest positive sentiment among analysts, but the mixed ratings with a majority being indifferent indicate uncertainty. This could lead to a neutral short-term impact on Cloudflare's stock as the market digests these varied opinions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100