Analysts' take on Cloudflare

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.:grinning:

Saul

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