Cloudflare Inc (NYSE:NET) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.95.

Several research firms have recently weighed in on NET. Evercore ISI assumed coverage on Cloudflare in a research report on Tuesday, October 8th. They set an “outperform” rating and a $22.00 price objective for the company. Morgan Stanley assumed coverage on Cloudflare in a research report on Tuesday, October 8th. They set an “equal weight” rating and a $18.00 price target for the company. Jefferies Financial Group assumed coverage on Cloudflare in a research report on Tuesday, October 8th. They set a “hold” rating and a $18.00 price target for the company. SunTrust Banks assumed coverage on Cloudflare in a research report on Tuesday, October 8th. They set a “buy” rating and a $23.00 price target for the company. Finally, Goldman Sachs Group assumed coverage on Cloudflare in a research report on Tuesday, October 8th. They set a “neutral” rating and a $20.00 price target for the company.

Shares of NET stock traded up $0.67 on Tuesday, hitting $16.36. 851,689 shares of the stock were exchanged, compared to its average volume of 3,189,696. Cloudflare has a fifty-two week low of $15.51 and a fifty-two week high of $22.08.

About Cloudflare

CloudFlare, Inc operates a cloud platform that delivers a range of network services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.

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Analyst Recommendations for Cloudflare (NYSE:NET)

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