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

Guggenheim raised the firm’s price target on Confluent to $37 from $35 and keeps a Buy rating on the shares. What “really gave us more confidence in justifying a higher share price” is the Q2 Cloud guidance of $9M quarter-over-quarter growth that was $2M above the Street, says the firm, which is raising its price target due to slightly raised forecasts.