Confluent price target lowered to $32 from $34 at TD Cowen

TD Cowen analyst Derrick Wood lowered the firm’s price target on Confluent (CFLT) to $32 from $34 and keeps a Buy rating on the shares. The firm said they posted a solid 4Q, w/ 26% subscription revenue growth versus Street at 23%, though FY25 subscription revenue guide was lowered.