Predicting the future performance of any stock is inherently uncertain, and Cloudflare is no exception. However, here’s a summary of what various sources are saying about Cloudflare’s stock in 2024:
Analyst Consensus
The current analyst consensus is Hold with a target price of $112.23.
Some analysts are more optimistic, with a high forecast of $135.00, while others are more cautious, with a low forecast of $92.00.
Market Performance
As of February 29, 2024, Cloudflare’s stock has already increased by over 30% this year.
However, some sources predict a slight decline in the near future, with a price target of $124 by March 4, 2024.
Company Outlook
Cloudflare’s 2024 guidance implies solid growth, although not at the same high rates seen in previous years.
They remain a promising player in the cloud and edge-computing sector.
It’s important to remember that these are just forecasts and not guarantees of future performance. The stock market is influenced by various factors, many of which may be unpredictable.
It’s crucial to do your own research and consider your risk tolerance before making any investment decisions.
Leave a Reply