Professional
Added to YB: 2024-11-05
Pitch date: 2024-10-31
CFLT [bullish]
Confluent, Inc.
+18.47%
current return
Author Info
No bio for this author
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 and Confluent Private Cloud, an enterprise-grade self-managed software.
Market Cap
$11.0B
Pitch Price
$25.93
Price Target
34.00 (+11%)
Dividend
N/A
EV/EBITDA
-30.11
P/E
-35.75
EV/Sales
8.60
Sector
Software
Category
growth
DA Davidson Raises Confluent Price Target to $34
CFLT: DA Davidson raises PT to $34. Q2 Cloud Rev beat, +38-39% Y/Y adj. Digital native consumption stabilized. DBNRR 117%, to stabilize Q4. Win rates >90% vs startups. CY24 guidance raised, FCF B/E to slightly positive. Solid upside, notable win rate increase Q/Q & Y/Y.
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