Cloudflare (NET) Rated Buy Amid AI and Zero Trust Growth

Cloudflare, Inc. (NYSE:NET) ranks among the best software stocks to buy right now. On August 29, following a meeting with Cloudflare’s CEO Matthew Prince at its 2025 Tech Executive Summit, Stifel reaffirmed its Buy rating and $230 price target for Cloudflare, Inc. (NYSE:NET). The firm expressed confidence in Cloudflare’s prospects across multiple focus areas and spoke with Prince about several subjects, including Act 4, Zero Trust, AI, and Cloudflare’s organizational maturity.

Stifel believes Cloudflare, Inc. (NYSE:NET) can grow by 25%-30%+ in the following years, while also expanding operating margin and free cash flow, thanks to its expanding portfolio and ongoing go-to-market enhancements.

For the upcoming years, the firm states that Cloudflare, Inc. (NYSE:NET) provides “the most upside optionality” in its coverage universe.

Cloudflare, Inc. (NYSE:NET) is a cloud-based cybersecurity and website management company that also offers routing and developer security solutions. It operates in numerous main categories, including Security Solutions, Performance Enhancement, Reliability, Zero Trust Infrastructure, and others.

While we acknowledge the potential of NET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NET and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.