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Cloudflare, Inc. (NYSE:NET) is one of the 8 Best Generative AI Software Stocks to Buy in June. On June 15, Investing.com reported that Citizens maintained its Market Outperform rating on Cloudflare with a $270.00 price target, following the company’s Investor Day presentation on June 9.

Earlier on June 11, Truist increased the price target on Cloudflare to $250 from $225 while maintaining a Buy rating on the stock. The analyst sees the company evolving from an edge security and content delivery network provider to a unified platform that covers security, network services, developer tools, and AI-related workloads.

Similarly, UBS also raised its price target on Cloudflare to $250 from $220 following the company’s Investor Day presentation. The analyst maintained a Neutral rating on the stock as it noted the firm’s margin outlook and AI positioning. Additionally, TD Cowen reiterated its Buy rating on Cloudflare with a $265 price target, highlighting the company’s role in securing AI agents through its cloud-native architecture.

Earlier this month, Cloudflare announced the acquisition of JavaScript tooling company VoidZero in a bid to build the future of AI-native web. The company said the acquisition will unify VoidZero’s high-performance tooling into the Cloudflare ecosystem. It added:

“By merging Cloudflare’s global edge network and Workers developer platform with the modern web’s industry-standard toolchain, Cloudflare is creating a frictionless, one-click deployment stack from local code straight to Cloudflare’s global network.”

Cloudflare, Inc. (NYSE:NET) is a global cloud services provider that delivers a broad range of services to businesses. The company’s connectivity cloud delivers a unified platform of cloud-native products and developer tools.

While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best AI Stocks to Buy in June and 10 Best Cybersecurity Stocks to Buy According to Short Sellers.

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