Summary:
- Cloudflare (NET, Financial) acquires Outerbase to enhance its developer database capabilities.
- Analysts predict an average price target of $145.42, indicating significant potential upside.
- Current brokerage recommendations suggest an "Outperform" status with a strong future outlook.
Cloudflare Acquires Outerbase: Enhancing Developer Database Solutions
Cloudflare, Inc. (NET) has strategically acquired Outerbase, a specialist in developer databases, aiming to streamline the development of database-backed applications. This acquisition is set to enhance the creation of full-stack, AI-enabled applications utilizing Cloudflare's expansive global network. Despite this promising development, Cloudflare shares saw a 1.3% decline on Monday.
Wall Street Analysts' Price Target Predictions
According to forecasts from 28 analysts, Cloudflare Inc (NET, Financial) has an average one-year price target of $145.42, with projections peaking at $200.00 and dipping as low as $68.00. This average target suggests a potential upside of 54.00% from the current share price of $94.43. For a more comprehensive view of these estimates, visit the Cloudflare Inc (NET) Forecast page.
Brokerage Recommendations and Ratings
The consensus from 34 brokerage firms places Cloudflare Inc (NET, Financial) with an average brokerage recommendation of 2.5, categorizing it as "Outperform." This rating, on a scale of 1 to 5, where 1 denotes a Strong Buy and 5 signifies a Sell, reflects optimism about Cloudflare's market performance.
Evaluating Cloudflare's GF Value
GuruFocus estimates the one-year GF Value for Cloudflare Inc (NET, Financial) to be $138.19, implying a promising upside of 46.35% from the current share price of $94.425. The GF Value is a calculated estimate of the fair market value based on historical trading multiples, past business growth, and future performance projections. Further detailed data can be accessed on the Cloudflare Inc (NET) Summary page.
