Confluent price target raised to $38 from $25 at JMP Securities

JMP Securities analyst Patrick Walravens raised the firm’s price target on Confluent to $38 from $25 and keeps an Outperform rating on the shares. Confluent delivered strong Q4 results and guidance, which was “refreshing” given uncertainty on whether the previous guidance from Q3 was derisked, the analyst tells investors in a research note.