CloudFlare Shares Surpass Analyst Target Price Amid Growing Metrics
Recently, shares of CloudFlare Inc (Symbol: NET) traded above the average analyst 12-month target price of $144.59, with the stock changing hands at $150.36 per share. When a stock reaches the target set by analysts, they typically respond in one of two ways: either they downgrade the stock due to valuation concerns, or they raise the target price to reflect new expectations. Analysts may also consider any significant business developments that could justify a price increase.
The average target price for CloudFlare Inc is based on inputs from 27 different analysts within the Zacks coverage universe, but averages can mask a wide range of opinions. Notably, one analyst has set a conservative target of $65.00, while another is much more optimistic, anticipating a price of $205.00. The standard deviation among these targets stands at $30.871.
The rationale for focusing on the average target price lies in its reflection of collective analyst sentiment—drawing from multiple perspectives rather than a single viewpoint. With NET trading above the average target price of $144.59, investors are left to evaluate whether this is merely a stepping stone towards an even higher target or if the valuation has peaked, suggesting it might be prudent to consider profit-taking. Below is a table presenting the latest analyst ratings for CloudFlare Inc:
| Recent NET Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 15 | 11 | 10 | 10 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 11 | 13 | 14 | 15 |
| Sell ratings: | 0 | 0 | 1 | 1 |
| Strong sell ratings: | 2 | 3 | 3 | 3 |
| Average rating: | 2.07 | 2.38 | 2.5 | 2.52 |
The average rating indicated in the final row of the table uses a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. Data for this analysis was provided by Zacks Investment Research via Quandl.com.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• Funds Holding FSLR
• STRM Historical Stock Prices
• ETFs Holding UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
