Evercore ISI analyst Amit Daryanani maintained a Buy rating on Cloudflare (NYSE:NET) on Friday, setting a price target of $90, which is approximately 25.66% above the present share price of $71.62.
Daryanani 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 $97.92.
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 $22.24 billion.
According to TipRanks.com, Evercore ISI analyst Amit Daryanani is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.6% and a 68.95% 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.