Analysts’ take on Cloudflare
- Cloudflare Inc : Evercore ISI raises target price to $230 from $150
- Cloudflare Inc : JP Morgan raises target price to $212 from $118
- Cloudflare Inc : Piper Sandler raises target price to $226 from $141
- Cloudflare Inc : RBC raises target price to $220 from $130
While I usually pay little attention to analysts, what struck me is that they raised their targets by $80, $94, $85, and $90! An average of $87.25
As their average starting price was $134.75, they raised their target prices by an average of 65% based on this quarter’s results. 65%!!! I guess they’ve been drinking the Cool-Aid too.