Cloudflare Inc. (NYSE: NET) received a price target increase from $135 to $200 by Scotiabank analyst Patrick Colville, maintaining a “Sector Perform” rating due to the company’s strong second-quarter performance. Colville highlighted Cloudflare’s expanding role in the AI infrastructure ecosystem and its position as a key sub-processor for companies like OpenAI. Despite limited adoption of certain solutions outside the tech sector, Cloudflare continues to gain momentum and could attract a broader customer base. Cloudflare is a significant player in internet infrastructure and cybersecurity, powering 20% of global internet traffic. Investors seeking AI stocks with high potential may find other options with greater upside and lower risk.

Read more at Yahoo Finance: Cloudflare (NET) Sees Price Target Boost Amid Strong Q2 and Expanding AI Infrastructure Role