On Nov 08, major Wall Street analysts update their ratings for $Cloudflare (NET.US)$, with price targets ranging from $99 to $120.
Wells Fargo analyst Andrew Nowinski maintains with a buy rating, and adjusts the target price from $105 to $110.
TD Cowen analyst Shaul Eyal maintains with a buy rating, and maintains the target price at $110.
Baird analyst Shrenik Kothari maintains with a buy rating, and maintains the target price at $100.
RBC Capital analyst Matthew Hedberg maintains with a buy rating, and maintains the target price at $99.
JMP Securities analyst Trevor J. Walsh maintains with a buy rating, and maintains the target price at $120.
Furthermore, according to the comprehensive report, the opinions of $Cloudflare (NET.US)$'s main analysts recently are as follows:
Cloudflare's Q3 outcomes were solid, though they fell short of lofty anticipations. The assessment suggests that the current valuation justly reflects anticipated mid-to-high-20s percentage growth, enhanced margins, and a promising narrative surrounding artificial intelligence.
Despite Cloudflare's stock experiencing a 6% decline in after-hours trading following the announcement of solid Q3 earnings results, this was primarily due to concerns over deals not being concluded within the quarter. Nevertheless, the company's shares appeared to regain ground when discussions shifted to the growth stemming from 'pool of funds' customers and the implementation of Gen AI. Cloudflare indicated that 'pool of funds' agreements 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 5 analysts:
Note:
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