Confluent price target raised to $32 from $29 at Barclays

Barclays raised the firm’s price target on Confluent (CFLT) to $32 from $29 and keeps an Overweight rating on the shares post the Q3 report. The company’s Cloud results beat estimates and accelerated, which should be key for investors, the analyst tells investors in a research note. The firm says that with Flink contribution only becoming meaningful in the coming quarters, “there are more legs to the story going forward.”