Confluent price target raised to $34 from $29 at Mizuho

Mizuho raised the firm’s price target on Confluent to $34 from $29 and keeps a Buy rating on the shares. Following a very challenging Q4, Confluent reported a much better Q4, the analyst tells investors in a research note. The firm says the company’s go-to-market transition to a full cloud consumption model appears off to a good start.