Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Cloudflare, retaining the price target of $260.00.
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Shrenik Kothari has given his Buy rating due to a combination of factors tied to how Cloudflare is positioned for the rapid rise of agentic AI. He believes the company will benefit directly from surging internet traffic as AI agents proliferate, driving more usage of Cloudflare’s network, security stack, and edge compute, while its architecture can deliver many AI workloads more efficiently than traditional hyperscalers.
He also highlights Cloudflare’s expanding platform economics, with Acts 1–3 (security/CDN, Zero Trust, and Workers/Workers AI) already gaining from this traffic, and a forthcoming “Act 4” that should monetize new AI-driven business models. In addition, Kothari points to Cloudflare’s deep penetration among AI-native companies, growing legacy modernization opportunities, and large “pool-of-funds” commitments from enterprises as evidence of increasing wallet share and a long, durable growth runway that supports a Buy recommendation.
Kothari covers the Technology sector, focusing on stocks such as Cloudflare, Check Point, and CommVault Systems. According to TipRanks, Kothari has an average return of 14.4% and a 57.39% success rate on recommended stocks.
In another report released on February 25, TipRanks – Google also reiterated a Buy rating on the stock with a $182.00 price target.