Cloudflare (NET) stock hit a new all-time high of $230.31 on Thursday, continuing its strong growth this year. The IT services company released quarterly results on Thursday, delivering a better-than-expected report that beat Wall Street estimates. This increase is part of strong growth this year, with the stock price up 111.16% since the beginning of the year.
cloudflare Inc. has been active in several strategic developments throughout 2025. The company announced a new suite of incident response and security services in its Cloudforce One division that combines threat intelligence and network-native defense capabilities. Additionally, Cloudflare also works with major payment networks such as Visa, Mastercard, and American Express to create an authentication layer for AI-powered shopping.
Additionally, Cloudflare’s expansion of threat intelligence products with its Cloudforce One platform demonstrates a proactive approach to combating cybercrime. Leveraging a vast global network that processes a staggering 227 billion cyber threats every day, Cloudflare has established itself as a key player in the fight against increasingly sophisticated attacks.
Following these announcements, Citizens maintained a Market Outperform rating on Cloudflare and reiterated its $250.00 price target. But despite the overwhelmingly positive outlook, some analysts remain cautious. For example, Goldman Sachs analyst Gabriela Borges expressed concern about Cloudflare’s valuation, noting that the company’s stock trades at a premium compared to its competitors.
