TECH - Confluent Stock Finds Place In This Analyst's 2024 Conviction List - Here's Why | Benzinga
Needham analyst Mike Cikos maintained Confluent Inc (NASDAQ: CFLT) with a Buy and raised the price target from $23 to $30.
The analyst added CFLT to Needham's Conviction List as the Infrastructure and Analytics Software top pick in 2024, replacing MongoDB, Inc (NASDAQ: MDB).
Despite a recent run-up, Confluent is still 17% below its pre-3QCY23 earnings print - providing a compelling opportunity, the analyst writes.
Cikos sees multiple growth vectors in CY24 deriving from the go-to-market and product roadmap.
Over the next twelve months, the analyst noted ...