BofA raised the firm’s price target on Confluent (CFLT) to $31 from $26 and keeps an Underperform rating on the shares after the company reported “strong” Q4 results and gave guidance that the firm believes is better-than-expected. While the firm believes execution is improving, it says the revenue growth plus operating margin profile in 2025 is lagging the infrastructure software peer average, which it argues “could constrain upside until it improves.”
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Read More on CFLT:
- Confluent price target raised to $42 from $40 at Wells Fargo
- Confluent price target raised to $38 from $34 at Canaccord
- Cautious Outlook on Confluent: Sell Rating Maintained Despite Improved Execution and Raised Price Objective
- Confluent price target raised to $35 from $33 at Bernstein
- Confluent’s Modest Growth and Cautious Hold Rating Amid Challenges