Cloudflare (NET) stock soared to an all-time high of $230.31, marking an 85% increase since April 2025. The surge follows quarterly earnings that surpassed Wall Street expectations. Year-to-date, the stock has climbed 111.16%. The company's growth is bolstered by the expansion of its Cloudflare One platform, which now includes new security services. Additionally, Cloudflare has partnered with Visa, Mastercard, and American Express to create an AI-driven shopping authentication layer. Despite the positive momentum, Goldman Sachs analyst Gabriela Borges cautioned that the stock may be overvalued compared to its peers, while Citizens maintained a $250 price target and an 'outperform' rating.