Cloudflare (NET) Sees Price Target Boost Amid Strong Q2 and Expanding AI Infrastructure Role

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.

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.

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