18 AI News and Ratings Making Waves on Wall Street

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7. Confluent, Inc. (NASDAQ:CFLT)

Number of Hedge Fund Holders: 49

Confluent, Inc. (NASDAQ:CFLT) provides a data streaming platform with cloud and self-managed solutions for real-time data integration and processing.

On February 26, UBS upgraded Confluent (NASDAQ:CFLT) from Neutral to Buy, raising the price target from $34 to $38. Analyst Karl Keirstead pointed to positive feedback from customer and partner discussions, indicating stronger spending growth for 2025 and 2026. UBS expects higher subscription revenue growth than consensus estimates. Additionally, early signs suggest generative AI is driving demand for Confluent’s services. The company’s competitive position against major cloud providers appears stable, and its expansion into analytics through offerings like Tableflow, Flink, and a Databricks partnership is seen as a long-term advantage.

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