Professional
Added to YB: 2025-02-07
Pitch date: 2025-02-06
CFLT [bullish]
Confluent, Inc.
+0.17%
current return
Author Info
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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
$30.00
Price Target
37.00 (+23%)
Dividend
N/A
EV/EBITDA
-17.64
P/E
-23.05
EV/Sales
5.72
Sector
Software
Category
growth
TD Cowen Raises Confluent (CFLT) Price Target to $37
CFLT: TD Cowen raises PT to $37, citing AI tailwinds, solid Q4 demand, and FY25 growth levers. Expects Q4 beat (~3%+ sub growth), in-line FY25 guide (21% rev growth). GenAI, DSP/Flink cross-sell, BYOC to drive growth. Attractive at <7x EV/CY26E for 20-25%+ grower.
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