Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Mizuho has raised its price target on Confluent Inc (NASDAQ:CFLT) to $26.00 from $24.00 while maintaining an Outperform rating on the data streaming platform company. The company, currently valued at $7.63 billion, has shown strong financial health with a current ratio of 3.98x, indicating robust liquidity management.
The price target increase follows Confluent’s better-than-expected third-quarter results, which showed subscription revenue exceeding forecasts by 170 basis points, with Confluent Cloud driving most of the upside.
Confluent management guided fourth-quarter subscription revenue above consensus and raised expectations for cloud contribution exiting 2025, according to Mizuho’s research note.
The firm expressed encouragement about the overall results and growing momentum for Apache Flink, though it noted that a significant stock re-rating would likely require several quarters of consistent execution given previous fluctuations in performance.
Mizuho views Confluent’s platform as "best-in-class" and expects data streaming adoption to increase substantially over the medium term, with the stock trading at what the firm calculates as approximately 5x CY27E EV/Revenue multiple for expected high-teens growth with improving margins.
In other recent news, Confluent Inc. reported its third-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share of $0.13, compared to the forecasted $0.10. The company’s total revenue reached $298.5 million, exceeding analyst projections of $292.56 million. Wolfe Research responded by raising its price target for Confluent to $32.00, maintaining an Outperform rating due to strong earnings performance. Similarly, Goldman Sachs increased its price target to $24.00, citing solid results and an operating margin improvement of 270 basis points. Confluent Cloud revenue outperformed expectations, with a year-over-year increase of 24% to $161 million. Platform revenue also saw a rise to $125 million, marking a 14% year-over-year growth. Citizens reiterated a Market Outperform rating and maintained a $36.00 price target, emphasizing Confluent’s earnings beat. These developments highlight Confluent’s positive performance in its recent financial quarter.
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