Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and US software research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Confluent: Upgrade To OW On Consistent Execution And A Clear Path To Profitability. PT Raised To $37

Confluent. 2Q Wrap: Solid Results and Leadership Position In a $60B+ TAM

Confluent: Harnessing Data In Motion. Initiate At Overweight

Algosun Global

Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a>  reported solid 2Q22 results, and most metrics were above sell-side expectations, including subscription revenue, gross margins, and operating margins. </li>
<li>We are impressed with Confluent Cloud's revenue growth of +139% y/y and strong subscription gross margins. Management raised FY22 revenue and profitability guidance. </li>
<li>Our price target of $28 is slightly below the current share price. However, we see room for further multiple expansion due to revenue acceleration above consensus.</li>
</ul>



Confluent (CFLT US)  reported solid 2Q22 results, and most metrics were above sell-side expectations, including subscription revenue, gross margins, and operating margins. 
We are impressed with Confluent Cloud's revenue growth of +139% y/y and strong subscription gross margins. Management raised FY22 revenue and profitability guidance. 
Our price target of $28 is slightly below the current share price. However, we see room for further multiple expansion due to revenue acceleration above consensus.


Better Than Expected 2Q22 Results, Cloud Growth of 139% YoY, FY22 Revenue Guidance Moves Higher