On Nov 01, 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.
Goldman Sachs analyst Kash Rangan maintains with a hold rating, and adjusts the target price from $28 to $29.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $29 to $32.
UBS analyst Karl Keirstead maintains with a hold rating, and adjusts the target price from $30 to $26.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and adjusts the target price from $34 to $35.
Furthermore, according to the comprehensive report, the opinions of $Confluent (CFLT.US)$'s main analysts recently are as follows:
The firm is optimistic about Confluent's post-Q3 earnings performance. Positive indicators include a deceleration in Net Expansion Rate (NER), robust growth in cloud services fueled by a stabilization in digital native consumption expenditure, as well as an increasing trend of adopting multiple products. Additionally, the company has maintained steady operational execution despite potential disturbances arising from modifications to their internal sales incentives.
The firm remains 'comfortable' on the sidelines despite the sequential Cloud revenue outperformance and a reaffirmation of its implied final quarter subscription revenue guidance. Confluent has once more emphasized its large digital native customer base, and it is believed that the significant leverage to this sub-segment contributes to the risk profile.
Following the Q3 report, the company's Cloud results exceeded expectations and demonstrated acceleration, a factor deemed crucial for investors. It is anticipated that the upcoming quarters will see significant contributions from Flink, suggesting further potential in the company's trajectory.
Confluent's third quarter performance was notably better than anticipated, with Subscription revenue experiencing a 25% increase year over year, surpassing the expected 23.5%. Furthermore, Cloud revenue saw a reacceleration with a 42% year over year growth, outperforming the forecasted 37%. The anticipation is that data streaming adoption will continue to rise significantly in the medium to long term, positioning Confluent as a likely beneficiary in the managed data stream processing solutions sector.
The company announced a robust quarter with standout growth in subscription and cloud segments, both increasing by 27% and 42%, respectively. This performance surpassed both the consensus and the upper range of their guidance. Despite a sizable one-time cloud deal in Q3, the firm observed a stabilization in consumption among digitally-native customers and saw large cloud customers adopting new use cases.
Here are the latest investment ratings and price targets for $Confluent (CFLT.US)$ from 21 analysts:
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美東時間11月1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。
高盛集團分析師Kash Rangan維持持有評級，並將目標價從28美元上調至29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。
瑞士銀行分析師Karl Keirstead維持持有評級，並將目標價從30美元下調至26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。
此外，綜合報道，$Confluent (CFLT.US)$近期主要分析師觀點如下：
該公司對Confluent發佈Q3後的業績持樂觀態度。積極因子包括淨擴張率 (NER) 的減速，雲服務強勁增長受數字原生消費支出穩定以及採納多種產品的趨勢增長推動。此外，儘管可能因內部銷售激勵調整而產生潛在干擾，公司仍然保持穩定的運營執行。
儘管順序雲營收表現優異且重申預期季度訂閱收入指引，該公司仍然對觀望持有「舒適」態度。Confluent再次強調其龐大的數字原生客戶群體，有理由認爲對這一子領域的重大槓桿會對風險配置產生影響。
在Q3報告後，公司的雲業績超出預期並呈現加速增長，被視爲投資者至關重要的因素。預計未來幾個季度將有Flink做出重大貢獻，暗示公司軌跡的更大潛力。
Confluent的第三季度業績明顯優於預期，訂閱收入同比增長25%，超出預期的23.5%。此外，雲營收同比增長42%，重新加速增長，超過預期的37%。預期數據流採納將在中長期內持續顯著增長，將Confluent定位爲託管數據流處理解決方案板塊的潛在受益者。
公司宣佈本季度表現強勁，在訂閱和雲板塊出現顯著增長，分別增長27%和42%。這一表現超出了市場共識和其指引的上限。儘管Q3有一筆巨額雲交易，公司觀察到數字原生客戶的消費穩定以及大型雲客戶採用新用例。
以下爲今日21位分析師對$Confluent (CFLT.US)$的最新投資評級及目標價：
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