Added to YB: 2024-05-10
Pitch date: 2024-05-03
NET [bearish]
Cloudflare, Inc.
-171%
current return
Author Info
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Company Info
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
Market Cap
$68.7B
Pitch Price
$74.70
Price Target
60.00 (-70%)
Dividend
N/A
EV/EBITDA
5.5K
P/E
-660.07
EV/Sales
33.87
Sector
IT Services
Category
N/A
Show full summary:
Cloudflare's Underperformance Rating and Price Target (Bofa)
NET: Strong Q1 but limited macro visibility. Trades at 15x EV/sales vs peers at 12x despite -15% after-hours drop. Downside risk to CY25 estimates (28% YoY rev growth) may pressure valuation. BofA maintains Underperform rating with $60 PT on risk/reward.
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