TD Cowen analyst Derrick Wood lowered the firm’s price target on Confluent (CFLT) to $34 from $41 and keeps a Buy rating on the shares. The firm said its checks point to a solid 1Q and continued traction with DSP and Flink. Despite being consumption based and having some US Fed exposure, Cowen thinks it has more DOGE insulation than seat-based models and encouraged by its strengthening positioning in GenAI where spending health should be more durable.
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