5 Under-the-Radar Stocks With Massive Upside for 2024

4. Cloudflare, Inc. (NYSE:NET)

Number of Q4 2023 Hedge Fund Shareholders: 44

Average Analyst Share Price Target Upside: 15%

Cloudflare, Inc. (NYSE:NET) is the well known American cybersecurity and threat monitoring firm based in San Francisco, California. April 2024 is a crucial month for the firm since it has seen it partner up with the well known consultancy firm Booz Allen to develop a platform to help protect businesses against cyberattacks.

As December 2023 ended, 44 out of the 933 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Cloudflare, Inc. (NYSE:NET)’s biggest stakeholder among these is Josh Overdeck and David Siegel’s Two Sigma Advisors as it owns $165 million worth of shares.

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