Morgan Stanley analyst Sanjit Singh notes Confluent management detailed an updated long-term growth and margin framework targeting about 30% growth with annual operating margin expansion of 5%-10% points at the company’s investor day meeting yesterday. Generative AI and Flink adoption represent upside to growth, says the firm, which came away from the event positive on the long-term opportunity and maintains an Overweight rating and $30 price target on Confluent shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
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