Needham analyst Alex Henderson maintained a Buy rating on Cloudflare (NYSE:NET) on Tuesday, setting a price target of $140, which is approximately 14.00% above the present share price of $122.81.
Henderson expects Cloudflare to post earnings per share (EPS) of -$0.12 for the third 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 $128.78.
The analysts price targets range from a high of $140 to a low of $105.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $152.43 million and a net profit of -$28.87 million. The company's market cap is $39.3 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 29.6% and a 68.45% 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.