Cloudflare Inc Rises 5.01% on Barclays Coverage Initiation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Dec 25
Source: Yahoo Finance
Cloudflare Inc shares increased by 5.01%, reaching a 5-day high following Barclays' initiation of coverage with an Overweight rating and a price target of $235.
Analysts highlighted Cloudflare's strong network capabilities and diverse product offerings, which are expected to drive significant revenue growth in the coming years. The company's Act 1 is projected to contribute 85% of fiscal year 2024 revenue, indicating robust demand in the cloud and cybersecurity sectors.
This positive outlook from Barclays reflects growing confidence in Cloudflare's market position and future growth potential, aligning with broader trends in cloud adoption and digital security.
Analyst Views on NET
Wall Street analysts forecast NET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NET is 253.24 USD with a low forecast of 131.00 USD and a high forecast of 318.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
15 Buy
10 Hold
0 Sell
Moderate Buy
Current: 184.880
Low
131.00
Averages
253.24
High
318.00
Current: 184.880
Low
131.00
Averages
253.24
High
318.00
About NET
Cloudflare, Inc. is a connectivity cloud company. Its full suite of products consists of its website and application services to deliver security, performance, and reliability for an organization's websites, applications, and application programming interfaces (APIs); its secure access service edge (SASE) platform, which contains its suite of Zero Trust and network services solutions to help ensure traffic in and out of an organization’s internal network and devices is verified and authorized as well as to securely connect data centers, cloud services, and branch offices to an organization with its Connectivity Cloud; its developer-based solutions to build and deploy serverless applications with scale, performance, security and reliability, and its consumer offerings. Its website and application security product offerings include Web Application Firewall, Bot Management, Distributed Denial of Service Protection, API Security, SSL/TLS Encryption, Script Management, and Security Center.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
