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:
Note:
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美東時間11月9日，多家華爾街大行更新了$Cloudflare (NET.US)$的評級，目標價介於77美元至110美元。
高盛集團分析師Gabriela Borges維持賣出評級，並將目標價從72美元上調至77美元。
美銀證券分析師Madeline Brooks維持賣出評級。
瑞穗證券分析師Gregg Moskowitz維持持有評級，並將目標價從105美元下調至102美元。
奧本海默控股分析師Timothy Horan維持買入評級，維持目標價110美元。
此外，綜合報道，$Cloudflare (NET.US)$近期主要分析師觀點如下：
Cloudflare在第三季度經歷了一次「波動」，其管理層表示，由於計劃於2024年進行的領導層過渡，美洲地區的一些重要交易推遲到了第四季度。儘管推動增強銷售力量以利用企業機會和更廣泛的安防產品推出，分析師認爲這一進展是一個漸進且非線性的過程。
Cloudflare的第三季度業績強勁，但未達到預期目標。該股票目前的估值被認爲適合預期的中至高20%的增長，增強的利潤率前景和吸引人的人工智能敘事。
在Cloudflare強勁的第三季度業績之後，市場對該公司在不同重點領域的潛力逐步增加，儘管第四季度營業收入預測不那麼令人印象深刻，受美國一些大型交易因其市場推廣方法的變化而滑落的影響。
Cloudflare的股票在盤後交易中下跌了6%，儘管宣佈了強勁的第三季度收益，這歸因於該公司提到某些交易未在該季度內達成協議。股票似乎在管理層討論了源自「資金池」客戶以及Gen AI影響的增長後出現了復甦。據悉，「資金池」的交易構成了該季度新的年度合同價值的10%。
以下爲今日4位分析師對$Cloudflare (NET.US)$的最新投資評級及目標價：
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