Confluent price target raised to $27 from $24 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Confluent (CFLT) to $27 from $24 and keeps an Overweight rating on the shares. The firm sees the stock moving higher post the “solid” Q3 results. While the sales beat “was not stellar,” after two weak quarters and with early signs of new product momentum, the print is “good enough to have investors revisit the name,” the analyst tells investors in a research note.