Forecasting The Future: 4 Analyst Projections For Cloudflare
Portfolio Pulse from Benzinga Insights
In the latest quarter, 4 analysts updated their ratings on Cloudflare (NYSE:NET), showing a shift towards a more bullish stance with an average 12-month price target of $103.5, up 26.61% from the previous target. All analysts raised their price targets, with the highest at $135.00. Cloudflare's financial performance includes a solid revenue growth rate of 32.2%, a net margin of -7.01%, and an ROE of -3.51%, indicating strong financial health and efficient cost management.
February 09, 2024 | 12:00 pm
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POSITIVE IMPACT
Cloudflare's stock is positively impacted by analyst upgrades and increased price targets, reflecting confidence in its financial health and market performance.
The unanimous decision by analysts to raise their price targets for Cloudflare, coupled with the company's strong revenue growth and financial performance, suggests a positive short-term impact on its stock price. The increase in the average price target by 26.61% reflects growing confidence in the company's future prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100