Mizuho Raised the Firm's PT on Cloudflare (NET), Kept a Buy Rating

Cloudflare, Inc. (NYSE:NET) is one of the Best Performing Quantum Computing Stocks So Far in 2025. On August 1, Mizuho analyst Gregg Moskowitz raised the firm’s price target on Cloudflare, Inc. (NYSE:NET) from $220 to $240, while maintaining an Outperform rating on the stock.

The improved price target on Cloudflare, Inc. (NYSE:NET) follows its Q2 2025 earnings release. The analyst noted that the company reported strong results, and he remains confident in the company’s artificial intelligence opportunity. The company grew its revenue for the quarter by 27.76% reaching $512.32 million. This was ahead of consensus by $10.73 million. Moreover, the EPS of $0.21 also exceeded expectations by $0.03. The analyst sees a multi-year performance run for the company.

Cloudflare, Inc. (NYSE:NET) is a cloud company offering a broad range of internet security, performance, and reliability services for websites, applications, and APIs. The company is also actively engaged in developing and providing quantum-safe cryptography solutions to secure internet traffic against threats posed by future quantum computers.

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