TD Cowen analyst Derrick Wood raised the firm’s price target on Confluent (CFLT) to $37 from $31 and keeps a Buy rating on the shares. The firm noted they hosted a call with one of the company’s partners that was bullish on 4Q performance and 2025 outlook, citing new GenAI growth levers starting to build and a notable improvement in Flink GTM motions. Cowen expects a solid 4Q beat and in-line guide, but think building growth levers should drive numbers higher through FY25.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFLT:
- Confluent price target raised to $35 from $32 at Guggenheim
- Confluent downgraded to Equal Weight from Overweight at Morgan Stanley
- Confluent price target raised to $34 from $30 at Deutsche Bank
- Confluent price target raised to $35 from $32 at Piper Sandler
- Confluent price target raised to $36 from $33 at RBC Capital