Confluent's Cloud Focus Aligns With Long-Term Growth, Analyst Projects Upswing In CY24 Performance

RBC Capital Markets analyst Matthew Hedberg initiated coverage on Confluent Inc (NASDAQ: CFLT) at an Outperform rating and a price target of $22.

The analyst writes that CY24 estimates seem more reasonable post Q3 earnings results posted last week.

Confluent reported a loss of $(0.30) per share, up from a loss of $(0.41) per share year-over-year and revenue of $200 million, which topped the consensus estimate of $195.419 million.

Given Confluent's core focus on ...

Full story available on

Disclaimer: The views, recommendations, and opinions expressed in this content belong solely to the third-party experts. This site was not involved in the writing and production of this article.

Disclaimer Press Release Banner