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Shares of CloudFlare Inc (Symbol: NET) recently traded at $58.52, surpassing the average analyst 12-month target price of $57.09. This shift prompts analysts to consider either downgrading due to valuation or adjusting their target prices higher, depending on the company’s current business developments.
Analyst targets for CloudFlare are varied, with a range from $38.00 to $114.00 and a standard deviation of $15.638. Recently, there are 9 strong buy, 2 buy, 12 hold, 1 strong sell, and no sell ratings from 22 analysts, contributing to an average rating of 2.25, where 1 is Strong Buy and 5 is Strong Sell.
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