Stifel raised the firm’s price target on Confluent (CFLT) to $40 from $37 and keeps a Buy rating on the shares following what the firm calls “a solid quarter.” Q1 and FY25 subscription revenue guidance came in marginally ahead of Street expectations, notes the analyst, who sees Confluent being able to sustain 20%-plus revenue growth and increasing profitability over coming years.
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Read More on CFLT:
- Confluent price target raised to $38 from $35 at Guggenheim
- Confluent: Strong Q4 Performance, Strategic Partnerships, and Promising Growth Justify Buy Rating
- Confluent price target raised to $40 from $35 at Piper Sandler
- Positive Outlook for Confluent: Strong Q4 Performance, Promising Cloud Revenue Growth, and Strategic Partnerships
- Confluent price target raised to $31 from $26 at BofA