Needham analyst Alex Henderson reiterated a Buy rating on Cloudflare (NYSE:NET) on Friday, setting a price target of $105, which is approximately 15.03% above the present share price of $91.28.
Henderson expects Cloudflare to post earnings per share (EPS) of -$0.09 for the first quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Cloudflare, with an average price target of $88.27.
The analysts price targets range from a high of $105 to a low of $75.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $114.16 million and a net profit of -$21.25 million. The company's market cap is $28.05 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.5% and a 67.84% success rate.
Cloudflare, Inc. engages in the provision of cloud-based services to secure websites. It offers various products for performance and reliability, video streaming and delivery, advanced security, insights, cloudflare for developers, domain registration, and cloudflare marketplace. The company was founded by Matthew Prince, Michelle Zatlyn, and Lee Holloway in 2009 and is headquartered in San Francisco, CA.