On Nov 09, major Wall Street analysts update their ratings for $Cloudflare (NET.US)$, with price targets ranging from $77 to $110.
Goldman Sachs analyst Gabriela Borges maintains with a sell rating, and adjusts the target price from $72 to $77.
BofA Securities analyst Madeline Brooks maintains with a sell rating.
Mizuho Securities analyst Gregg Moskowitz maintains with a hold rating, and adjusts the target price from $105 to $102.
Oppenheimer analyst Timothy Horan maintains with a buy rating, and maintains the target price at $110.
Furthermore, according to the comprehensive report, the opinions of $Cloudflare (NET.US)$'s main analysts recently are as follows:
Cloudflare experienced a 'mixed' third quarter, and its management indicated that a number of significant deals within the Americas were postponed to the fourth quarter due to leadership transitions scheduled for 2024. Despite the push for an enhanced sales force to leverage both the enterprise opportunity and a broader product offering in Security, analysts perceive this progression to be a gradual and non-linear process.
Cloudflare's third-quarter outcomes were robust but fell short of elevated expectations. The stock's current valuation is considered to be fitting for its anticipated mid-to-high-20s percentage growth, enhanced margin outlook, and attractive AI narrative.
Following Cloudflare's strong Q3 performance, confidence has increased incrementally in the company's potential across different focus areas, despite the less impressive Q4 revenue forecast and the slippage of some large U.S. deals due to alterations in their go-to-market approach.
Cloudflare's stock experienced a downturn of 6% after hours, even with the announcement of robust Q3 earnings, attributed to the company's mention of certain deals not closing within the quarter. The stock appeared to make a recovery following management's discussion on the growth stemming from 'pool of funds' customers and the impact of Gen AI. It was noted that deals from the 'pool of funds' constituted 10% of the new Annual Contract Value for the quarter.
Here are the latest investment ratings and price targets for $Cloudflare (NET.US)$ from 4 analysts:
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美东时间11月9日，多家华尔街大行更新了$Cloudflare (NET.US)$的评级，目标价介于77美元至110美元。
高盛集团分析师Gabriela Borges维持卖出评级，并将目标价从72美元上调至77美元。
美银证券分析师Madeline Brooks维持卖出评级。
瑞穗证券分析师Gregg Moskowitz维持持有评级，并将目标价从105美元下调至102美元。
奥本海默控股分析师Timothy Horan维持买入评级，维持目标价110美元。
此外，综合报道，$Cloudflare (NET.US)$近期主要分析师观点如下：
Cloudflare在第三季度经历了“变数”，其管理层表示，美洲地区的若干重大交易因计划在2024年进行的领导层过渡而推迟至第四季度。尽管推动增强销售力量以利用企业机会和更广泛的安防产品组合，分析师们认为这一进展是一个渐进且非线性的过程。
Cloudflare的第三季度业绩强劲，但未达到较高预期。目前该股的估值被认为符合预期的中至高20%的增长、增强的利润率展望以及引人注目的人工智能叙事。
在Cloudflare强劲的第三季度表现之后，市场对公司在不同重点领域的潜力逐步增强，尽管第四季度营业收入预测较差并且由于其市场推广策略的改变而导致一些大型美国交易的推迟。
Cloudflare股票在盘后交易中经历了6%的下跌，尽管宣布了强劲的第三季度收益，但由于公司提到了某些交易未在该季度内完成。该股票在管理层对来自“所有基金类型”客户的增长以及Gen AI的影响的讨论后似乎有所复苏。据悉，“所有基金类型”交易占该季度新年度合同价值的10%。
以下为今日4位分析师对$Cloudflare (NET.US)$的最新投资评级及目标价：
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