We recently published a list of Billionaire George Soros’ 10 Mid-Cap Stocks With Huge Upside Potential. In this article, we are going to take a look at where Cloudflare, Inc. (NYSE:NET) stands against other billionaire George Soros’ mid-cap Stocks with huge upside potential.
George Soros is one of the most successful investors in the stock market’s history. He founded the Soros Fund Management, which currently manages over $6.6 billion in assets. His fund often makes contrarian moves that catch the attention of Wall Street and retail investors alike. Alex Soros, one of George Soros’ sons from his second marriage, was handed over the reins in 2023.
When investors like George Soros invest in companies, they usually have solid reasons to do so. This is why keeping an eye on their holdings is so important. We decided to take a look at George Soros’ Mid-Cap stock holdings to see what mid-cap stocks he is betting on.
To come up with our list of billionaire George Soros’ 10 Mid-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies between $10 billion and $40 billion in market cap.
After arriving at his top mid-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. We have also mentioned the hedge fund sentiment as per Insider Monkey’s database of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An artfully detailed shot of a computer monitor displaying a streaming video from Xunlei Media Player, demonstrating the company’s online media capabilities.
Cloudflare, Inc. (NYSE:NET)
Soros Fund Management’s Stake Value: $82.5 Million
Number of Hedge Fund Holders: 55
Cloudflare, Inc. is a cloud services provider that offers a variety of services to businesses. It offers an integrated cloud-based security solution and website and application security products. According to the median analyst price target, the stock still has an upside of 44.45%.
The firm received an upgrade last month from Bank of America Securities. Citing its improving fundamentals, BofA Securities upgraded the company from Underperform to Buy with an increased price target of $160 from $60. As a result, the share price rose about 6%.
Analysts led by Madeline Brooks highlighted two growth catalysts for Cloudflare:
“The company offers a differentiated approach to AI, and we place a high probability on Cloudflare becoming the leader in AI-as-a-Service (AIaaS), which we expect will be the AI consumption method of choice for Enterprises.”
A similar sentiment was shown by Mizuho a few days ago. Mizuho upgraded the stock from Neutral to Outperform due to growing AI momentum and potential for acceleration. Despite analysts’ optimism about NET’s AI opportunities and innovation, the firm slightly lowered its price target from $140 to $135. Regardless of macroeconomic uncertainty, analysts think that the risk/reward is attractive with the recent share price decline
Overall, NET ranks 4th on our list of billionaire George Soros’ mid-cap Stocks with huge upside potential. While we acknowledge the potential of NET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NET but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
