Professional
Added to YB: 2024-11-05
Pitch date: 2024-10-31
CFLT [bullish]
Confluent, Inc.
+15.97%
current return
Author Info
No bio for this author
Company Info
Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers comprising Confluent Cloud, a managed cloud-native software-as-a-service (SaaS); and Confluent Platform, an enterprise-grade self-managed software.
Market Cap
$7.3B
Pitch Price
$25.93
Price Target
34.00 (+13%)
Dividend
N/A
EV/EBITDA
-17.64
P/E
-23.05
EV/Sales
5.72
Sector
Software
Category
growth
DA Davidson Raises Confluent Price Target to $34
CFLT: DA Davidson raises PT to $34. Q2 Cloud Rev beat, +38-39% Y/Y adj. Digital native consumption stabilized. DBNRR 117%, to stabilize Q4. Win rates >90% vs startups. CY24 guidance raised, FCF B/E to slightly positive. Solid upside, notable win rate increase Q/Q & Y/Y.
Read full article (1 min)