Robert W. Baird initiated coverage on Confluent with a new price target
$CFLT
Computer Software: Prepackaged Software
Technology
Robert W. Baird initiated coverage of Confluent with a rating of Neutral and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 2/21/2024 | $40.00 | Buy | Stifel |
| 1/30/2024 | $23.00 | Hold | Loop Capital |
| 11/28/2023 | $34.00 | Outperform | Bernstein |
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,
Subscription revenue of $225 million, up 27% year over year Confluent Cloud revenue of $117 million, up 40% year over year 1,306 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 second quarter of 2024, ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730385374/en/ "Confluent had a solid second quarter, demonstrated by 40% year-over-year revenue growth for Confluent Cloud and our largest sequential increase in total customer count in two years," said Jay Kreps, co-founder and CEO, Co
New offering intended to protect against projected $40 billion in AI-powered fraud by 2027. PALO ALTO, Calif., Nov. 14, 2024 /PRNewswire/ -- Oscilar, the AI Risk Decisioning™ pioneer, today unveiled its groundbreaking Cognitive Identity Intelligence Platform to combat the rising tide of AI-powered fraud. The platform's proprietary "Digital & Behavior Identification" technology fundamentally transforms digital identity verification in an era where traditional solutions are increasingly vulnerable to sophisticated AI-enabled attacks. At its current growth rate, Deloitte's Center for Financial Services predicts that generative AI could enable fraud losses to reach $40 billion in the United Stat
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences: RBC Global Technology, Internet, Media and Telecommunications Conference Date: Tuesday, November 19, 2024 Time: 5:00 a.m. PT / 8:00 a.m. ET Wells Fargo 8th Annual TMT Summit Date: Wednesday, December 4, 2024 Time: 11:00 a.m. PT / 2:00 p.m. ET Barclays Global Technology Conference Date: Thursday, December 12, 2024 Time: 11:00 a.m. PT / 2:00 p.m. ET A live webcast and a replay of each presentation will be available on Confluent's investor relations website at investors.confluent.io. About Confluent Confluent is the data streami
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
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
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8-K - Confluent, Inc. (0001699838) (Filer)
144 - Confluent, Inc. (0001699838) (Subject)
Robert W. Baird initiated coverage of Confluent with a rating of Neutral and set a new price target of $23.00
JP Morgan upgraded Confluent from Neutral to Overweight and set a new price target of $25.00
Evercore ISI initiated coverage of Confluent with a rating of Outperform and set a new price target of $35.00
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
In the last three months, 17 analysts have published ratings on Confluent (NASDAQ:CFLT), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 8 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 0 0 0 2M Ago 1 2 0 0 0 3M Ago 5 5 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $35.94, a high estimate of $40.00, and a low estimate of $25.00. This current average reflects an i
Loop Capital analyst Yun Kim maintains Confluent (NASDAQ:CFLT) with a Hold and lowers the price target from $30 to $25.
Mizuho analyst Gregg Moskowitz maintains Confluent (NASDAQ:CFLT) with a Outperform and lowers the price target from $36 to $34.
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