10:46 AM EDT, 03/26/2026 (MT Newswires) -- Cloudflare ( NET ) is likely to benefit from rising volumes of internet data traffic driven by agentic AI, given it handles about 20% of worldwide internet traffic, Oppenheimer said in a Thursday research report.

Increasing agentic data will have a multiplier effect on the company's revenue due to higher attach on security and compute from AI traffic, which should support sustained revenue growth rate of over 30% in the upcoming years, the firm said.

The company continues to expand offerings focused on agentic AI, according to the note.

The brokerage reiterated its outperform rating on the stock and price target of $300 per share.

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