On Oct 31, major Wall Street analysts update their ratings for $Confluent (CFLT.US)$, with price targets ranging from $25 to $40.
Morgan Stanley analyst Sanjit Singh maintains with a buy rating, and adjusts the target price from $32 to $33.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $29 to $32.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and adjusts the target price from $34 to $35.
TD Cowen analyst Derrick Wood maintains with a buy rating, and adjusts the target price from $27 to $31.
Loop Capital analyst Yun Kim maintains with a hold rating, and maintains the target price at $25.
Furthermore, according to the comprehensive report, the opinions of $Confluent (CFLT.US)$'s main analysts recently are as follows:
The firm remains 'comfortable' on the sidelines despite the company's sequential revenue outperformance in the Cloud segment and confirmation of the anticipated subscription revenue for Q4. Confluent's emphasis on substantial digital native customers was reiterated, and there is a belief that the significant reliance on this customer subset enhances the risk profile.
The company's Cloud results exceeded expectations and saw acceleration, a factor deemed crucial for investors. With the Flink contribution poised to become significant in upcoming quarters, it is suggested that the company's growth narrative has further potential to unfold.
The firm perceives a 'relatively positive set-up' leading into the Q3 results, with potential for exceeding estimates, particularly due to significant platform renewals and robust government sector performance. Concurrently, the firm noted varied feedback regarding cloud commitment utilization.
Confluent's third quarter performance outpaced expectations, with a 25% year-over-year rise in Subscription revenue surpassing the anticipated 23.5%. Additionally, a significant uptick in Cloud revenue marked a 42% year-over-year increase, outperforming the forecasted 37%. The ongoing shift towards managed data stream processing solutions is expected to continue, positioning Confluent to benefit from the rising adoption of data streaming over the medium to long term.
The company exhibited a robust quarter, marked by a 27% expansion in subscriptions and a 42% surge in cloud growth, outperforming both consensus estimates and the upper spectrum of guidance. Despite a one-time cloud deal in Q3 contributing to the figures, the underlying momentum remained solid with a stabilization in consumption among digitally-native customers and an increase in new use cases by large cloud customers.
Here are the latest investment ratings and price targets for $Confluent (CFLT.US)$ from 14 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
美東時間10月31日，多家華爾街大行更新了$Confluent (CFLT.US)$的評級，目標價介於25美元至40美元。
摩根士丹利分析師Sanjit Singh維持買入評級，並將目標價從32美元上調至33美元。
巴克萊銀行分析師Raimo Lenschow維持買入評級，並將目標價從29美元上調至32美元。
富國集團分析師Michael Turrin維持買入評級，並將目標價從34美元上調至35美元。
TD Cowen分析師Derrick Wood維持買入評級，並將目標價從27美元上調至31美元。
Loop Capital分析師Yun Kim維持持有評級，維持目標價25美元。
此外，綜合報道，$Confluent (CFLT.US)$近期主要分析師觀點如下：
儘管雲板塊的季度營業收入表現優異，並確認Q4的預期訂閱營收，該公司仍然在觀望態度上保持"舒適"。Confluent強調對於大量數字原生客戶的重視，並認爲對於這一客戶子群體的重大依賴增強了風險配置。
公司雲服務的業績超出預期並呈現加速增長，這被認爲對投資者至關重要。隨着Flink的貢獻有望在未來幾個季度變得重要，公司的增長敘事有進一步潛力展開。
公司認爲進入Q3業績呈現"相對積極的格局"，有望超過預期，尤其是由於重大平台續約和強勁的政府板塊表現。同時，公司注意到關於雲承諾利用的各種反饋。
Confluent第三季度業績超出預期，訂閱營收同比增長25%，超過了預期的23.5%。此外，雲營收大幅增長42%，較預期的37%表現優異。持續轉向託管數據流處理解決方案預計將持續，將使Confluent受益於數據流媒體的日益流行，並在中長期獲益。
公司展現出強勁的季度業績，訂閱業務擴張27%，雲端增長激增42%，均超出共識預測和指導的上限。儘管Q3中一個一次性雲交易對數據有所貢獻，但底層增長勢頭仍然穩固，數字原生客戶的消費穩定，並受益於大型雲客戶使用情況的增加。
以下爲今日14位分析師對$Confluent (CFLT.US)$的最新投資評級及目標價：
提示:
TipRanks為獨立第三方，提供金融分析師的分析數據，並計算分析師推薦的平均回報率和勝率。提供的信息並非投資建議，僅供参考。本文不對評級數據和報告的完整性與準確性做出認可、聲明或保證。
TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
