Added to YB: 2024-02-21
Pitch date: 2024-02-21
CFLT [bullish]
Confluent, Inc.
-9.21%
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
$33.84
Price Target
40.00 (+30%)
Dividend
N/A
EV/EBITDA
-30.11
P/E
-35.75
EV/Sales
8.60
Sector
Software
Category
growth
Stifel's Analysis of Confluent's Role in Data Modernization and Growth Potential
$CFLT: Stifel Buy rating, $40 PT on pivotal role modernizing data architectures with open-source Kafka & Flink. 75% Fortune 500 penetration, 150K orgs adopted. Managed offerings' ease of use, reliability, cost to drive 20%+ growth, margin expansion as enterprises shift.
Read full article (1 min)