Confluent price target lowered to $25 from $41 at JMP Securities

JMP Securities lowered the firm’s price target on Confluent to $25 from $41 and keeps an Outperform rating on the shares. Confluent delivered mixed Q3 results and provided disappointing guidance, the analyst tells investors in a research note. The firm still continues to like the story, as Confluent offers the leading commercial solution to store and process real-time data feeds, with a cloud version that offers a 10x improvement in TCO versus self-operated, open source Kafka.