JMP Securities Reiterates Market Outperform Rating on Confluent Inc (CFLT)

JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating and $40.00 price target on Confluent Inc (NASDAQ: CFLT).

The analyst commented, “We view Confluent as an attractive opportunity for long-term capital appreciation for a number of reasons including: 1) the company offers the leading and broadest data streaming platform, with capabilities to Stream, Connect, Process, and Govern; 2) Confluent addresses a large total addressable market that it estimates to be $60B; 3) helping to offset investor concerns about Snowflake potentially acquiring a small data streaming competitor named Redpanda.”

For an analyst ratings summary and ratings history on Confluent Inc click here. For more ratings news on Confluent Inc click here.

Shares of Confluent Inc closed at $30.10 yesterday.

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