NET Price Prediction Next Week
NET Stock Price Prediction and Recommendation
News and Event Analysis:
- Earnings Projections: Cloudflare is expected to report steady EPS of $0.16 and revenue growth of 23.8% in its upcoming earnings report. However, the stock has underperformed the broader market, dropping 24.58% over the past month.
- Insider Activity: Significant insider selling, including a recent sale by CEO Matthew Prince, may indicate a lack of confidence in short-term appreciation.
- Analyst Sentiment: Mixed ratings with a median price target of $135, but the Zacks Rank of #4 (Sell) suggests caution.
Technical Indicators:
- RSI: At 38.06, the stock is near oversold territory, suggesting potential for a bounce.
- MACD: Negative signal line crossover indicates bearish momentum.
- Fibonacci Levels: Resistance at $123.79 and support at $112.34.
Price Prediction:
Based on the analysis, the stock is expected to decline to $112 next week due to bearish technical indicators and negative sentiment.
Recommendation:
Sell NET as the stock is likely to face resistance and downward pressure.
NET Similar Chart Price Prediction
The price of NET is predicted to go up -60.33%, based on the high correlation periods with WINT. The similarity of these two price pattern on the periods is 98.44%.
NET
WINT
Down: -60.33%Similarity: 98.44%
NET Revenue Forecast
NET EPS Forecast
NET FAQs
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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
Gabriela Borges
Goldman Sachs
Strong Buy
2025-03-14
Price Target
$183 → $161
Upside
+38.61%
Goldman Sachs lowered the firm's price target on Cloudflare to $161 from $183 but keeps a Buy rating on the shares after its Q4 results. The firm's price target cut reflects lower peer multiples, though the firm remains positive on the name after the company's Investor Day event that highlighted its AI positioning and go-to-market improvements, the analyst tells investors in a research note.
Matthew Hedberg
RBC Capital
Buy
2025-03-13
Price Target
$170 → $148
Upside
+30.17%
James Fish
Piper Sandler
Hold
2025-03-13
Price Target
$153 → $131
Upside
+15.22%
