Goldman Sachs raises target price significantly
Heads up investors, Cloudflare stock could soar sky-high!
Globally recognized investment bank, Goldman Sachs, has shown all signs of bullishness towards tech giant Cloudflare. Last month, analyst Gabriela Borges upped the ante, revising her price target from a mere $77 to a jaw-dropping $140! That's nearly double the initial price and a whopping 23% more than the current level.
Why all the fuss? Borges highlighted a fresh wave of inspiring leadership, the lack of Covid-induced slowdown in revenue growth, and lucrative opportunities for Clouldflare's "Act III" products as her major points of optimism. She proclaimed that Cloudflare has outperformed the S&P 500, promising even more positive free cash flow and superb leadership in 2024. This optimism leads her to believe that Cloudflare is primed for significant growth and top-tier performance in 2025.
Is it time to jump on board?
With Cloudflare's stunning 52% increase in shares over the past year, its P/E skyrocketing to 153, and Goldman Sachs predicting a significant price hike, one might think it's a no-brainer investment. However, it's essential to note that the consensus among other analysts paints a more cautious picture, with the average price target sitting at $104, suggesting an 8.4% downside from the current level.
BÖRSE ONLINE, nevertheless, remains steadfast in advising the purchase of the stock, targeting a price of €140.
Now, let's take a step back and get some perspective. As of June 6, 2025, Cloudflare's stock price stands at $179.67. But what about the predictions and points of view from other analysts?
- TipRanks: The average price target from analysts clocks in at $156.24, with a high of $210.00 and a low of $70.00.
- LongForecast: Predicts a range of $162 to $229 for June 2025.
- 30Rates: Anticipates a range for September 2025 starting at $253.80, with a maximum of $297.94 and an average of $272.02.
As you can see, the gap between the current share price and analysts' predictions is enormous. Whether Cloudflare's stock price will surge or plummet remains to be seen. Be sure to monitor the market conditions and Cloudflare's company performance closely before making any investment decisions.
Still keen on investing in Cloudflare? Hop on over to TradingView to keep tabs on the stock's movements and make informed decisions as they happen.
In the meantime, here are a couple of additional reads that might tickle your fancy:
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In light of the bullish prediction made by Goldman Sachs analyst Gabriela Borges, who set a price target of $140 for Cloudflare stock, it seems that investing in technology companies, such as Cloudflare, may offer highreturn opportunities in the finance sector, given the potential for significant growth and top-tier performance in 2025. However, it is crucial to consider opposing views from other analysts, as the consensus price target currently sits at $104, signifying a potential downside from the current level.
