On Nov 01, major Wall Street analysts update their ratings for $Confluent (CFLT.US)$, with price targets ranging from $25 to $40.
Morgan Stanley analyst Sanjit Singh maintains with a buy rating, and adjusts the target price from $32 to $33.
Goldman Sachs analyst Kash Rangan maintains with a hold rating, and adjusts the target price from $28 to $29.
Barclays analyst Raimo Lenschow maintains with a buy rating, and adjusts the target price from $29 to $32.
UBS analyst Karl Keirstead maintains with a hold rating, and adjusts the target price from $30 to $26.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and adjusts the target price from $34 to $35.
Furthermore, according to the comprehensive report, the opinions of $Confluent (CFLT.US)$'s main analysts recently are as follows:
The firm is optimistic about Confluent's post-Q3 earnings performance. Positive indicators include a deceleration in Net Expansion Rate (NER), robust growth in cloud services fueled by a stabilization in digital native consumption expenditure, as well as an increasing trend of adopting multiple products. Additionally, the company has maintained steady operational execution despite potential disturbances arising from modifications to their internal sales incentives.
The firm remains 'comfortable' on the sidelines despite the sequential Cloud revenue outperformance and a reaffirmation of its implied final quarter subscription revenue guidance. Confluent has once more emphasized its large digital native customer base, and it is believed that the significant leverage to this sub-segment contributes to the risk profile.
Following the Q3 report, the company's Cloud results exceeded expectations and demonstrated acceleration, a factor deemed crucial for investors. It is anticipated that the upcoming quarters will see significant contributions from Flink, suggesting further potential in the company's trajectory.
Confluent's third quarter performance was notably better than anticipated, with Subscription revenue experiencing a 25% increase year over year, surpassing the expected 23.5%. Furthermore, Cloud revenue saw a reacceleration with a 42% year over year growth, outperforming the forecasted 37%. The anticipation is that data streaming adoption will continue to rise significantly in the medium to long term, positioning Confluent as a likely beneficiary in the managed data stream processing solutions sector.
The company announced a robust quarter with standout growth in subscription and cloud segments, both increasing by 27% and 42%, respectively. This performance surpassed both the consensus and the upper range of their guidance. Despite a sizable one-time cloud deal in Q3, the firm observed a stabilization in consumption among digitally-native customers and saw large cloud customers adopting new use cases.
Here are the latest investment ratings and price targets for $Confluent (CFLT.US)$ from 21 analysts:
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美东时间11月1日，多家华尔街大行更新了$Confluent (CFLT.US)$的评级，目标价介于25美元至40美元。
摩根士丹利分析师Sanjit Singh维持买入评级，并将目标价从32美元上调至33美元。
高盛集团分析师Kash Rangan维持持有评级，并将目标价从28美元上调至29美元。
巴克莱银行分析师Raimo Lenschow维持买入评级，并将目标价从29美元上调至32美元。
瑞士银行分析师Karl Keirstead维持持有评级，并将目标价从30美元下调至26美元。
富国集团分析师Michael Turrin维持买入评级，并将目标价从34美元上调至35美元。
此外，综合报道，$Confluent (CFLT.US)$近期主要分析师观点如下：
公司对Confluent的第三季度盈利表现持乐观态度。积极因子包括净扩展率（NER）放缓，云服务强劲增长得到稳定的数字原生消费支撑，以及采用多种产品日益增多的趋势。此外，尽管可能因内部销售激励方案的调整而出现潜在干扰，公司仍然保持了稳定的运营执行。
尽管连续的云营收超额表现，以及对暗含的最终季度订阅营收指引的重申，公司仍然保持在观望态度。Confluent再次强调其庞大的数字原生客户群，人们认为对该子细分市场的重大杠杆有助于风险配置。
在第三季度报告之后，公司的云业绩超出预期，并表现出加速增长，这被投资者认为是至关重要的因子。预计未来几个季度将看到Flink作出重大贡献，暗示了公司发展轨迹中进一步的潜力。
Confluent的第三季度表现明显好于预期，订阅营收同比增长25%，超过了预期的23.5%。此外，云营收同比增长42%，重新出现加速增长，超出预期的37%。预计数据流采用率将在中长期内继续显著提高，使Confluent成为托管数据流处理解决方案板块的可能受益者。
公司报告了一个强劲的季度，在订阅和云业务板块表现出色，分别增长了27%和42%。这一表现超过了市场一致预期和他们指引的上限范围。尽管第三季度有一笔重大的一次性云交易，公司观察到数字原生客户消费的稳定，并看到大型云客户采用新的使用案例。
以下为今日21位分析师对$Confluent (CFLT.US)$的最新投资评级及目标价：
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