What is NET stock forecast?

Cloudflare Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is NET undervalued based on price targets?

Our DCF intrinsic value for Cloudflare Inc is $165.80, against a current price of $204.97. The margin of safety is -14.24%.

NET

Cloudflare Inc

NYSE: NET · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE

$204.97

-3.30% today

Updated 2026-04-30

Market cap

$72.88B

P/E ratio

—

P/S ratio

33.62x

EPS (TTM)

$-0.29

Dividend yield

—

52W range

$117 – $260

Volume

4.1M

Market cap

$72.88B

P/E ratio

—

P/S ratio

33.62x

EPS (TTM)

$-0.29

Dividend yield

—

52W range

$117 – $260

Volume

4.1M

Cloudflare Inc (NET) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$204.97

Consensus

$237.52

+15.88%

2030 Target

—

DCF

$165.80

-14.24% MoS

Current price

$204.97

Analyst consensus

$237.52

+15.88%

2030 Target

—

Intrinsic (DCF)

$165.80

-14.24% MoS

25 analysts:

10 Buy7 Hold2 Sell

Management guidance

No specific CEO revenue targets found in provided data. Most recent guidance shows Q4 2025 strong execution with 33.60% quarterly growth. Management has expanded AI/cybersecurity partnerships (SentinelOne, Coinbase deals) suggesting acceleration potential, but no explicit 2026-2030 revenue targets disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$254.03

—

Base case (2030)

$148.18

—

Bear case (2030)

$105.85

—

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)
Revenue	$1.3B	$1.7B	$2.2B	$2.8B	$3.6B	$4.5B
Revenue growth	—	28.8%	29.8%	30.4%	27.5%	26.0%
EPS	$0.49	$0.51	$0.92	$1.15	$1.49	$2.10
P/S ratio	—	—	—	12.0x	12.0x	12.0x
Implied price	—	—	—	$105.85	$127.01	$148.18

Catalysts & risks

Growth catalysts

+ AI-driven threat detection expansion via SentinelOne partnership and Cloudflare Workers AI platform adoption

+ Enterprise cybersecurity consolidation trend; positioning as single platform for DDoS, WAF, API security, threat intel

+ Potential Coinbase stablecoin-based AI agent payment integration; emerging AI agent economy TAM

+ Federal/government spending on critical infrastructure security (Iran conflict context, nation-state threats)

+ International expansion and zero-trust adoption acceleration in enterprise segment

Key risks

- Anthropic AI tool competitive threat; market concerned about AI-native alternatives cannibalizing WAF/DDoS demand

- High insider selling (CEO, CFO, directors sold $30-40M+ in March 2026); suggests valuation concern at leadership level

- Profitability still negative (-4.7% margin); path to positive operating leverage unclear despite 30%+ growth

- Macro spending cuts in software; cybersecurity budget scrutiny amid SaaS cost optimization trends

- Valuation stretched (P/S 34.38x, P/E 184x forward); minimal margin for disappointment; stock down 18.5% from 52W high

Methodology

Cloudflare Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 25 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.