RBC Capital analyst Matthew Hedberg maintained a Buy rating on Cloudflare (NYSE:NET) on Sunday, setting a price target of $85, which is approximately 9.18% above the present share price of $77.85.
Hedberg expects Cloudflare to post earnings per share (EPS) of -$0.09 for the first quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Cloudflare, with an average price target of $83.4.
The analysts price targets range from a high of $97 to a low of $70.
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 $23.92 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.7% and a 79.08% 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.