Cloudflare Gets $225 Target from Wells Fargo on Enterprise Surge

Cloudflare, Inc. (NYSE:NET) is one of the best multibagger stocks according to hedge funds. On July 21, 2025, Wells Fargo analyst Andrew Nowinski raised his price target on Cloudflare from $200 to $225, while maintaining an "Overweight" rating. He attributed the target hike to strong large-deal momentum, including 14 seven‑figure contracts and four deals in the $10–15 million range, which set the stage for what he anticipates will be a beat‑and‑raise second-quarter earnings report on July 31.

Nowinski’s upgrade hinges squarely on accelerating enterprise traction driven by major contracts. He expects Cloudflare to sustain one of the most durable growth profiles in software, with forecasting of high‑20s to low‑30s revenue growth in the foreseeable future and warning that the company must earn any further guidance bump rather than relying on macro excuses.

Cloudflare, Inc. (NYSE: NET) is a performance and security platform that delivers cloud services such as DDoS protection, edge computing, DNS and CDN to businesses worldwide, currently powering roughly 20% of web traffic globally.

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Disclosure: None.