Striker has netted three in three since making deadline day move
Sturridge scored his third goal in as many games against Everton on Sunday, helping the hosts to a 2-0 win over David Moyes' side, making for a dream start for the 21-year-old since joining the Trotters from Chelsea in January.
Cahill played alongside Jack Wilshere during the Arsenal midfielder's successful loan spell under Owen Coyle last season and the centre-back feels that Sturridge can emulate the 19-year-old's progress.
Speaking to Sky Sports, he said: "Jack was fantastic when he was here. He used the club to get regular first-team football and it worked out brilliantly for him.
"It can be the same for Daniel - he's a young player with unbelievable ability. He's scored three in three for us and you can see his confidence is high.
"At his age it's all about playing football and you need to be getting games in. That's what he'll do here, he'll go from strength to strength. He really does look a top-class performer at the minute."
Cahill has also stated that he is impressed with his new team-mate's attitude and has praised his club's decision to get the former Manchester City youngster in on loan.
He added: "At Chelsea, because of the calibre of strikers, he was finding it difficult to get games. He wanted to get first-team football and like Jack last season, he's taken it with both hands.
"Everyone is spending millions because goals win you games and they are hard to come by. Daniel has proved to be a real top-class bit of business for the club, and long may that continue.
"He's a real nice lad as well, down to earth, gets his head down, works hard and it's no coincidence when you do that, the rewards come."
The former Aston Villa man also spoke of his desire to get more goals for Bolton, having scoring his first in the win against the Toffees on Sunday.
He said: "I'm having that goal, definitely. Sometimes you see me wandering around there up front, not really wanting to come back, I'm that eager to get on the scoresheet.
"This year has been hard to come by for goals, whereas I had quite a few at this stage last season. It was important that I got that up and running.
"I'd like to think that during the duration of a season I can contribute at least three goals, if not five."