BTIG analyst Gray Powell maintained a Buy rating on Cloudflare (NYSE:NET) on Thursday, setting a price target of $103, which is approximately 49.56% above the present share price of $68.87.
Powell expects Cloudflare to post earnings per share (EPS) of -$0.11 for the second quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in Cloudflare, with an average price target of $97.38.
The analysts price targets range from a high of $110 to a low of $77.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $125.93 million and a net profit of -$24.74 million. The company's market cap is $21.39 billion.
According to TipRanks.com, BTIG analyst Gray Powell is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.1% and a 59.68% success rate.
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.