12 Best Growth Stocks to Buy and Hold For 3 Years

Page 4 of 11

8. Cloudflare Inc. (NYSE:NET)

3-Year Revenue CAGR: 34.31%

Number of Hedge Fund Holders: 65

Cloudflare Inc. (NYSE:NET) is one of the best growth stocks to buy and hold for 3 years. On July 28, Citizens JMP increased its price target on Cloudflare to $225 from $180, while maintaining an Outperform rating on the shares. The firm cited positive data points ahead of the earnings report, such as strong attainment data. Citizens JMP views Cloudflare as the earliest beneficiary of the AI opportunity within its coverage.

In Q1 2025, Cloudflare’s total revenue for the quarter reached $479.1 million, which was a 27% increase year-over-year. Cloudflare also achieved its highest year-over-year growth in net new Annual Contract Value/ACV in 3 years. Free cash flow was $52.9 million, or 11% of revenue, which was also an improvement from $35.6 million in Q1 2024.

For Q2, Cloudflare expects total revenue between $500 and $501 million. For the full fiscal year 2025, the company expects total revenue of $2,090 to $2,094 million.

Cloudflare Inc. (NYSE:NET) is a cloud services provider that delivers services to businesses worldwide. It provides an integrated cloud-based security solution to secure a range of combination of platforms, such as public cloud, private cloud, on-premises, SaaS applications, and IoT devices.

Page 4 of 11