Oppenheimer raised the firm’s price target on Confluent (CFLT) to $29 from $26 and keeps an Outperform rating on the shares. The firm notes Confluent reported solid Q3 results that exceeded expectations, highlighted by strong Cloud consumption growth. The quarter showcased improvement following recent go-to-market changes, with accelerating pipeline progression and new use cases moving into production.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFLT: