Cloudflare Inc. (NYSE: NET) is one of the fastest growing tech stocks to invest in. On August 1, 2025, Scotiabank analyst Patrick Colville raised the firm’s price target on Cloudflare from $135 to $200 while maintaining a “Sector Perform” rating. The move followed Cloudflare’s strong second-quarter performance, which Colville described as “stellar,” citing evidence of robust product-market fit across its expanding platform.
Colville highlighted Cloudflare’s deepening role in the AI infrastructure ecosystem, noting that companies like OpenAI have designated Cloudflare as a key sub-processor. He also emphasized the company’s growing positioning as an essential enabler of secure, fast, and AI-ready internet infrastructure.
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However, Scotiabank tempered its optimism slightly, noting that the adoption of Cloudflare’s Zero Trust/SASE and edge compute solutions among enterprises outside the tech sector remains limited. Despite this, Colville indicated that Cloudflare’s continued momentum could accelerate adoption beyond its core base of tech-driven customers.
Cloudflare Inc. (NYSE: NET) is an internet infrastructure and cybersecurity company providing services like content delivery, network security, AI-powered tools, and developer solutions. It powers around 20% of global internet traffic and continues expanding its capabilities as enterprises adapt to the demands of an AI-driven web.
While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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