Raymond James initiated coverage on Confluent with a new price target
$CFLT
Computer Software: Prepackaged Software
Technology
Raymond James initiated coverage of Confluent with a rating of Outperform and set a new price target of $30.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2025 | $30.00 | Outperform | Raymond James |
| 2/26/2025 | $34.00 → $38.00 | Neutral → Buy | UBS |
| 1/16/2025 | $33.00 → $30.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/4/2024 | $23.00 | Neutral | Robert W. Baird |
| 8/9/2024 | $25.00 | Neutral → Overweight | JP Morgan |
| 6/11/2024 | $35.00 | Outperform | Evercore ISI |
| 5/17/2024 | $37.00 | Outperform | Oppenheimer |
| 5/8/2024 | $35.00 | Hold → Buy | Canaccord Genuity |
Fourth quarter subscription revenue of $251 million, up 24% year over year; Confluent Cloud revenue of $138 million, up 38% year over year Fiscal year 2024 subscription revenue of $922 million, up 26% year over year; Confluent Cloud revenue of $492 million, up 41% year over year 1,381 customers with $100,000 or greater in ARR, up 12% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its fourth quarter and fiscal year 2024, ended December 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210693574/en/Q4 2024 Confluent Infographic (Graphic: Confluent
Subscription revenue of $240 million, up 27% year over year Confluent Cloud revenue of $130 million, up 42% year over year 1,346 customers with $100,000 or greater in ARR, up 14% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its third quarter of 2024, ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029049730/en/Q3 2024 Confluent Infographic (Graphic: Confluent) "Confluent was founded with the mission of setting data in motion for organizations around the world," said Jay Kreps, co-founder and CEO, Confluent. "Today, thousands of g
Confluent now enables customers to get real-time data however and wherever they need it—on prem, in the cloud or BYOC Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has acquired WarpStream, an Apache Kafka®-compatible data streaming platform. WarpStream's Bring Your Own Cloud ("BYOC") data streaming architecture is designed for organizations running large scale workloads with relaxed latency requirements in their own cloud environment, perfect for logging, observability, and feeding data lakes. With the acquisition of WarpStream, Confluent now has a data streaming offering for every company no matter the need—whether that's fully managed with Confluent Cloud,
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the promotion of Ryan Mac Ban to Chief Revenue Officer (CRO). In this expanded role, Ryan will lead the global field strategy, bringing together sales, sales engineering, customer success, and sales operations to help customers activate real-time data to build the next wave of intelligent applications. After serving as President of Field Operations over the past five and a half years, Erica Schultz announced her intention to retire earlier this year. "I am excited for Ryan to take on this expanded leadership role," said Jay Kreps, co-founder and CEO, Confluent. "His proven success scaling field teams at multi-produc
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, announced today that it has received the 2025 Google Cloud Partner of the Year award for Data & Analytics - Ingestion. Confluent's complete data streaming platform on Google Cloud enables organizations to stream, connect, process, and govern real-time data across cloud and hybrid environments. Confluent's collaboration with Google Cloud enables enterprises across industries to drive faster insights, unlock new levels of artificial intelligence (AI) agility, and develop transformative real-time analytics. "Our partnership with Google Cloud is built on a shared vision to help customers triumph in a data-driven world," said Paul Mac F
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it will release financial results for its first quarter of 2025, which ended March 31, 2025, after the U.S. market close on Wednesday, April 30, 2025. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, April 30, 2025 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement of the webcast, Confluent's earnings press release and supplemental materials will be accessible from its investor relations website at investors.confluent.io. A replay of the webcast will also be accessible from Confluent's investor relations webs
Raymond James initiated coverage of Confluent with a rating of Outperform and set a new price target of $30.00
UBS upgraded Confluent from Neutral to Buy and set a new price target of $38.00 from $34.00 previously
Morgan Stanley downgraded Confluent from Overweight to Equal-Weight and set a new price target of $30.00 from $33.00 previously
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MSPs, CSPs, and ISVs can rapidly unlock new revenue streams with the industry's leading data streaming platform integrated into their customer offerings Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Confluent OEM Program. The new program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs) makes it easy to launch and enhance customer offerings with a complete data streaming platform for Apache Kafka® and Apache Flink®. With license to globally redistribute or embed Confluent's enterprise-grade platform, partners can bring real-time products and Kafka offerings to market faster and easily monetize cust
Christina Liu and Ali Harmer join Sigma to guide the organization's financial and legal teams through Sigma's continued high-velocity business growth Sigma, the first and only data analytics solution built natively for cloud scale, announced the addition of two new executives: Christina Liu as Chief Financial Officer (CFO) and Ali Harmer as General Counsel. These new executive hires bring high-impact expertise to measurably grow Sigma and develop the company's business strategy in collaboration with other key leaders in the organization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618081253/en/Christina Liu, Chief Financ
Former Chief Product Officer of Mulesoft brings extensive experience and leadership to Confluent Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the appointment of Shaun Clowes as Chief Product Officer (CPO). As Chief Product Officer, Shaun will lead the strategy and execution of all product-related activities within Confluent, including product innovation and the product roadmap. Shaun joins Confluent from Mulesoft, where he served as CPO, and before that, Atlassian where he served as the Head of Growth. Shaun's appointment comes at a key moment, as businesses move toward more real-time operations. All businesses are facing competitive pressures to meet custome