Confluent price target raised to $43 from $36 at MoffettNathanson

MoffettNathanson raised the firm’s price target on Confluent to $43 from $36 and keeps an Outperform rating on the shares. Investors had a fair amount of expectations built up on what they wanted to hear at this analyst day, with the first and foremost being around top line growth and the benefits that AI will present, the analyst tells investors in a research note. The firm adds that Confluent management did a good job outlining the framework for growth and profitability from current levels.