NET Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for NET's stock price next week:
Technical Analysis
- Current RSI (14) is at 71.35, indicating overbought conditions
- MACD is at 3.80, showing positive momentum but potential for reversal given overbought RSI
- Fibonacci levels show key resistance at $123.77 and $127.81, with support at $110.68 and $106.64
News Sentiment Analysis
- Morgan Stanley maintains optimistic outlook on NET ahead of Q4 earnings on Feb 6, expecting "strong finish to 2024"
- Wells Fargo named NET as a top pick for 2025, projecting revenue outperformance throughout the year
- Recent insider selling activity: COO sold 5,015 shares (~$620K), representing 20.3% of holdings, with 217 sales and 0 purchases by insiders in past 6 months - indicating some bearish insider sentiment
- Mixed institutional sentiment with 333 institutions increasing positions while 278 reduced holdings
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Resistance levels: $123.77 (R1) and $127.81 (R2)
- Support levels: $110.68 (S1) and $106.64 (S2)
- Target price range: $115-120
Recommendation: SELL
- Overbought RSI suggests potential pullback
- Heavy insider selling activity
- Stock approaching key resistance levels
- Consider taking profits or implementing tight stops if holding long positions
- Wait for RSI to cool off before considering new long positions
NET Similar Chart Price Prediction
The price of NET is predicted to go up 45.51%, based on the high correlation periods with GNE. The similarity of these two price pattern on the periods is 94.23%.
NET
GNE
Up: 45.51%Similarity: 94.23%
NET Revenue Forecast
NET EPS Forecast
NET FAQs
What is revenue forecast for next quarter？
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NET VS S&P500
Cloudflare has strong tailwinds behind its back as edge computing becomes more prevalent.
Cloudflare's security business is set to grow at a fast clip due to the overall security spend of enterprises going up as they deal with more complex security issues.
Cloudflare has a long runway for growth in terms of enterprise penetration in its security business.
NET Analyst's Forecast
Patrick Colville
Scotiabank
Hold
Price Target
$87 → $110
Upside
-8.22%
Scotiabank raised the firm's price target on Cloudflare to $110 from $87 and keeps a Sector Perform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm's forensic analysis points to software earnings surprises and estimate revisions. The firm names Cloudflare as one of the "tough model setups" in its coverage.
Matt Hedberg
RBC Capital
Buy
Price Target
$99 → $123
Upside
+7.21%
Gabriela Borges
Goldman Sachs
Strong Sell → Strong Buy
Price Target
$77 → $140
Upside
+24.4%