Confluent price target raised to $37 from $35 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Confluent (CFLT) to $37 from $35 and keeps an Overweight rating on the shares. The firm expects a positive reaction for the shares post the Q4 report. Confluent reported another “healthy” cloud revenue beat and set a solid initial starting point for fiscal 2025 subscription revenue that seemed to be above where some investors feared, the analyst tells investors in a research note.