10 Best Performing Quantum Computing Stocks in 2025

3. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 63

Year-to-Date Performance: 80.08%

Cloudflare, Inc. (NYSE:NET) is among the Best Performing Quantum Computing Stocks in 2025. Cloudflare, Inc. (NYSE:NET) has gained more than 79.8% year-to-date, and Wall Street sees further upside with analysts’ 12-month price target reflecting more than 27.9% upside from the current level. On December 17, Gregg Moskowitz from Mizuho Securities reiterated a Buy rating on the stock with a price target of $280. On the same day, Stifel also reiterated a Buy rating on the stock without disclosing any price targets.

Analysts at Stifel noted that the bullish sentiment on the stock is based on the increased use of cybersecurity with the boom of AI. The firm added that increased use of AI has sparked the demand for protection against unauthorized use of data, data loss, and risks of AI output hallucinations. Stifel believes that this demand will improve further in 2026 as AI gains a more important role in the shape of agentic products. These trends are anticipated to help companies like Cloudflare, Inc. (NYSE:NET) improve their offerings and market share.

That said, Robert W. Braid had reiterated a Hold rating on the stock and raised the price target from $220 to $230 on the same day. The analyst noted that the company is well-placed for the emerging “answer economy” and the agentic web, where AI-driven interactions drive web traffic. The firm also believes in the company’s potential to act as a toll operator that monetizes AI traffic through its network. However, the firm cautioned that Cloudflare must preserve independence amid these dynamics.

Cloudflare, Inc. (NYSE:NET) is a cloud services provider that powers AI workloads through its Workers AI platform. Cloudflare also has initiatives to provide post-quantum cryptography service through its Zero Trust Network Access solution.