8 Most Promising Metaverse Stocks to Buy According to Hedge Funds

6. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 63

Price Target Upside: 27.79%

TheFly reported on February 13 that DZ Bank upgraded shares on Cloudflare, Inc. (NYSE:NET) and turned more bullish.

Separately, in recent news, NET announced a strategic collaboration with Mastercard Incorporated on February 17. This deal is to strengthen cybersecurity protections for small businesses, critical infrastructure operators, and government organizations. The partnership will combine Mastercard’s Recorded Future and RiskRecon attack surface monitoring capabilities with NET’s Application Security portfolio to deliver a unified solution for identifying and addressing cyber risks.

The combined service is intended to assist enterprises in identifying unknown assets that are accessible via the internet, evaluating vulnerabilities, and promptly putting security measures like web application firewalls and encryption into place. Users will also gain access to constantly updated cyber risk assessments and prioritized threat analytics via Cloudflare, Inc. (NYSE:NET)’s dashboard.

The initiative aims to enable companies to develop while maintaining stronger defenses against increasingly sophisticated cyberthreats by filling the visibility gaps created by expanding digital ecosystems.

Cloudflare, Inc. (NYSE:NET) is a U.S. internet infrastructure and security company enabling the metaverse with fast, reliable, and secure edge-network services, DDoS protection, and real-time connectivity that support immersive applications, distributed worlds, and seamless digital experiences across devices.