Piper Sandler analyst Rob Owens raised the firm’s price target on Confluent (CFLT) to $40 from $35 and keeps an Overweight rating on the shares. The firm notes Q4 results showed another quarter of solid execution, with upside to top-line and margin expectations. Overall, Piper is pleased with the progress in the GTM transition and partnership expansion announcement. With multiple compelling growth drivers set to play out in 2025, the firm believes the stock sets up well from here.
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Read More on CFLT:
- Positive Outlook for Confluent: Strong Q4 Performance, Promising Cloud Revenue Growth, and Strategic Partnerships
- Confluent price target raised to $31 from $26 at BofA
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- Confluent price target raised to $38 from $34 at Canaccord
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