Latest net stock price forecast sees consumer staples maintaining defensive growth, averaging 2.5% gains over the next quarter amid uncertain macroeconomic indicators. Got a confidential news tip? We want to hear from you. As Cloudflare stock pushed higher this year, Khan was skeptical of the extent of the gains: “We didn’t think the rally was justified.” With the stock now trading at roughly $120 per share, it is within range of being fairly valued. It would take a decline to $83 before Cloudflare entered 4-star territory and could be considered undervalued. “Investors should keep a close eye on Cloudflare,” Khan says. “The stock can be quite volatile, and we have seen it trade down quite sharply with other high-growth tech stocks. If macro pressures continue to weigh on the stock, there is a chance that investors may get a buying opportunity in the near future.” Analysts highlight that the net stock price forecast for cloud computing leaders could see 6% quarterly returns, in line with increasing corporate tech spending.
