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. 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. provides “the most upside optionality” in its coverage universe.
Cloudflare, Inc. 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.
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This article is originally published at Insider Monkey.
