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Will Cloudflare Be a Trillion-Dollar Stock by 2050?

TheMotleyFool

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Will Cloudflare Be a Trillion-Dollar Stock by 2050?: https://g.foolcdn.com/editorial/images/761579/trader-investor-woman-stocks-markets-exchange-buy-sell.jpg

Cloudflare (NYSE: NET) has generated some volatile gains since its IPO in September 2019. The cloud-based content delivery network (CDN) provider went public at $15, and its shares soared to an all-time high of $217.25 on Nov. 18, 2021.

But today, its stock trades at around $78. A $10,000 investment in its IPO would have grown to nearly $145,000 before shrinking back to about $52,000 today. That pullback is disappointing, but a five-bagger gain in just over four years is still impressive.

Cloudflare is now worth just $26 billion, but could it become a $1 trillion stock by 2050? Let's take a long-term view of its business to see if it could become the next tech titan.

Source Fool.com

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