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:
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美东时间10月31日，多家华尔街大行更新了$Confluent (CFLT.US)$的评级，目标价介于25美元至40美元。
摩根士丹利分析师Sanjit Singh维持买入评级，并将目标价从32美元上调至33美元。
巴克莱银行分析师Raimo Lenschow维持买入评级，并将目标价从29美元上调至32美元。
富国集团分析师Michael Turrin维持买入评级，并将目标价从34美元上调至35美元。
TD Cowen分析师Derrick Wood维持买入评级，并将目标价从27美元上调至31美元。
Loop Capital分析师Yun Kim维持持有评级，维持目标价25美元。
此外，综合报道，$Confluent (CFLT.US)$近期主要分析师观点如下：
尽管公司云板块的季度营收表现优异，并确认了预期的第四季度订阅收入，该公司仍然在观望中保持"舒适"。Confluent强调对数字原生客户的重视，并认为对这一客户子集的重大依赖提升了风险配置的信心。
公司的云业务业绩超出预期，并实现了加速增长，这被认为对投资者至关重要。随着Flink在未来季度有望发挥重要作用，建议公司的增长叙事有进一步潜力展现。
公司认为进入第三季度结果的"相对正面"态势令人乐观，由于重要平台续约和强劲的政府板块业绩，有望超越预期。与此同时，公司注意到关于云承诺利用率的反馈各不相同。
Confluent第三季度表现超出预期，订阅收入同比增长25%，超过预期的23.5%。此外，云业务收入显著增长，同比增长42%，超过预期的37%。持续转向托管数据流处理解决方案预计将继续，使Confluent能够从数据流媒体的日益普及中受益，定位中长期。
公司展示了强劲的季度业绩，订阅业务扩张27%，云业务增长激增42%，均超出共识预期和指引范围的上线。尽管第三季度一次性云交易对数据造成影响，但数字原生客户消费保持稳固势头，大型云客户采用新用例增加。
以下为今日14位分析师对$Confluent (CFLT.US)$的最新投资评级及目标价：
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