Current Date: Tue-Apr-2024

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

Grand News Network | November 6, 2023

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 Benzinga.com


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