Oppenheimer analyst Shaul Eyal maintained a Buy rating on Cloudflare Inc on Friday, setting a price target of $35, which is approximately 24.16% above the present share price of $28.19.
Eyal expects Cloudflare Inc to post earnings per share (EPS) of -$0.11 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Cloudflare, with an average price target of $29.25.
The analysts price targets range from a high of $35 to a low of $24.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $91.25 million and a net profit of -$36.07 million. The company's market cap is $8.56 billion.
According to TipRanks.com, Oppenheimer analyst Shaul Eyal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.3% and a 68.25% 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.