Analyst Price Target News: Cloudflare, Peloton – May 9th, 2025

This week in analyst price targets: Cloudflare reported Q1 2025 revenue growth but guidance fell below street expectations, drawing cautious analyst revisions. Peloton shares slid on a wider-than-expected Q3 loss despite a slight revenue beat.

By: Matthew Otto

Cloudflare Reports Revenue Growth in Q1 2025; Guidance Below Street Expectations

Cloudflare reported first quarter revenue of $479.1 million, a 27% increase year-over-year and ahead of the consensus estimate of $469.65 million. Earnings per share for the quarter were $0.16, matching analyst expectations.

Operating income totaled $56 million, or 12% of revenue, while Cloudflare recorded a loss from operations of $53.2 million, or 11% of revenue. Net income was $58.4 million, with diluted earnings per share of $0.16. Gross profit reached $369.3 million, representing a margin of 77.1%, compared to $301.1 million and 79.5% in the prior year.

For the second quarter of fiscal 2025, Cloudflare expects revenue of $500 to $501 million. Below the $500.9 million consensus, and earnings per share of $0.18, versus the $0.19 expected by analysts. For the full fiscal year, Cloudflare projects revenue between $2.09 billion and $2.094 billion, in line with consensus, and earnings per share of $0.79 to $0.8, compared to the Street estimate of $0.82.

Analysts React to Q1 Beat with Mixed Rating and Target Adjustments

Jefferies analyst Brent Thill maintained a Hold rating and reduced the price target from $170 to $150.
Needham analyst Mike Cikos kept a Buy rating and raised the price target from $145 to $160.
Mizuho analyst Gregg Moskowitz lifted the price target to $155.
CapitalOne analyst Connor Murphy upgraded to Overweight.
Scotiabank analyst Patrick Colville lowered the price target to $135.

Which Analyst has the best track record to show on NET?

Analyst Adam Borg (STIFEL) currently has the highest performing score on NET with 5/5 (100%) price target fulfillment ratio. His price targets carry an average of $8.34 (5%) potential upside. Cloudflare stock price reaches these price targets on average within 18 days.

Peloton Shares Slide on Wider-Than-Expected Q3 Loss Despite Slight Revenue Beat

Peloton Interactive reported mixed financial results for its fiscal third quarter ended March 31, posting a net loss of $0.12 per share. This is $0.05 worse than the analyst estimate of a $0.07 loss. Revenue for the quarter totaled $624 million, narrowly beating the consensus forecast of $623.03 million.

On a year-over-year basis, total revenue declined 13%, with Connected Fitness Products revenue falling 27% to $205.5 million and Subscription revenue down 4% to $418.5 million. Gross margin improved to 42.4%, up from 39.3% a year ago.

Peloton ended the quarter with 2.88 million paid Connected Fitness subscriptions, a 6% decrease year-over-year, though 10,000 above the high end of its guidance. Average Net Monthly Connected Fitness Churn remained stable at 1.3%.

For the fourth quarter and full fiscal year 2025, Peloton guided revenue in the range of $2.455 billion to $2.47 billion, which brackets the $2.46 billion consensus estimate. Additionally, Peloton raised its FY25 Adjusted EBITDA guidance to $330 to $350 million and expects to generate approximately $250 million in free cash flow.

Analysts Hold Steady Following Mixed Q3 Results and Weak Guidance

Needham analyst Bernie McTernan reiterated a Hold rating.
Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating but trimmed the price target from $9 to $8.

Which Analyst has the best track record to show on PTON?

Analyst Doug Anmuth (JPMORGAN) currently has the highest performing score on PTON with 14/28 (50%) price target fulfillment ratio. His price targets carry an average of $2 (40.00%) potential upside. Peloton Interactive stock price reaches these price targets on average within 123 days.

Hut 8 Highlights Infrastructure Expansion and Hashrate Growth in Q1 Update

In the first quarter of 2025, Hut 8 reported revenue of $21.8 million, a decrease from $51.7 million in the prior-year period, driven primarily by lower Bitcoin production volumes. Hut 8 recorded a net loss of $134.3 million and an Adjusted EBITDA of ($117.7) million, compared to net income of $250.7 million and Adjusted EBITDA of $297 million in Q1 2024.

The quarter reflected investment activity, including the execution of a major ASIC fleet upgrade that resulted in a 79% increase in deployed hashrate to 9.3 EH/s and a 37% improvement in fleet efficiency to 20 J/TH by quarter-end. Despite lower production—167 Bitcoin mined versus 716 in Q1 2024—Hut 8 reported a weighted average revenue per Bitcoin of $92,224, up from $51,769 in the same period last year. The cost to mine one Bitcoin rose to $58,757, reflecting increased energy costs and infrastructure transition.

Hut 8 ended the quarter with a reserve of 10,264 Bitcoin valued at approximately $847.2 million and total energy capacity under management of 1,020 MW. Also advanced its infrastructure platform with the launch of American Bitcoin, a majority-owned subsidiary focused on industrial-scale mining and strategic Bitcoin accumulation.

Key developments included ongoing construction at the 205 MW Vega site—over 70% of capital expenditures incurred—and groundbreaking at the 592-acre River Bend campus in Louisiana. Hut 8’s development pipeline stood at ~10,800 MW, including ~2,600 MW under exclusivity. Power revenue for the quarter totaled $4.4 million, digital infrastructure contributed $1.3 million, and compute-related operations, including mining and GPU services, generated $16.1 million.

Analysts Remain Bullish Amid Strategic Investments and Operational Progress

Needham analyst John Todaro reiterated a Buy rating and a $21 price target.
HC Wainwright & Co. analyst Mike Colonnese reaffirmed a Buy rating and a $25 price target.
Rosenblatt analyst Chris Brendler maintained a Buy rating but trimmed his price target from $21 to $17.5.

Which Analyst has the best track record to show on HUT?

Analyst Mike Colonnese (HC WAINWRIGHT) currently has the highest performing score on HUT with 8/13 (61.54%) price target fulfillment ratio. His price targets carry an average of $15.98 (113.98%)potential upside. Hut 8 stock price reaches these price targets on average within 66 days.