CFLT - Confluent's Cloud Focus Aligns With Long-Term Growth Analyst Projects Upswing In CY24 Performance | Benzinga
RBC Capital Markets analyst Matthew Hedberg initiated coverage on Confluent Inc (NASDAQ: CFLT) at an Outperform rating and a price target of $22.
The analyst writes that CY24 estimates seem more reasonable post Q3 earnings results posted last week.
Confluent reported a loss of $(0.30) per share, up from a loss of $(0.41) per share year-over-year and revenue of $200 million, which topped the consensus estimate of $195.419 million.
Given Confluent's core focus on ...