The demand for Cloudflare's (NET) products appears to be growing rapidly, with the company likely having a very bright future ahead and earning a recent price target hike from Mizuho. However, given NET stock's extremely high valuation, the fact that many expensive software names have struggled in 2026, and significant competition, shares of the company may not be worth buying right now.
What's going on with Cloudflare and NET stock? Let's take a closer look.