TD Cowen raised the firm’s price target on Confluent to $40 from $28 and keeps an Outperform rating on the shares. The firm attened its Investor Day and said we think the higher margin targets should be well received as well as confidence in 30% growth in the mid-term and mgmt indicating 2Q is on track with targets and its GenAI positioning should build over time too.
Published first on TheFly
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Read More on CFLT:
- Confluent price target raised to $41 from $35 at Wells Fargo
- Confluent downgraded to Neutral from Buy at Guggenheim
- Confluent price target raised to $41 from $31 at JMP Securities
- Confluent price target raised to $42 from $26 at Barclays
- Confluent price target raised to $43 from $36 at MoffettNathanson
