Confluent Set to Capture Major Market Share With Unique Streaming Tech: Oppenheimer Analyst
Confluent Set to Capture Major Market Share With Unique Streaming Tech: Oppenheimer Analyst
Oppenheimer analyst Ittai Kidron initiated coverage on Confluent Inc (NASDAQ:CFLT) with an Outperform rating and a price target of $37.
奥本海默分析师伊泰·基德隆开始对Confluent Inc（纳斯达克股票代码：CFLT）进行报道，评级为跑赢大盘，目标股价为37美元。
The analyst said that Confluent's ability to bring event streaming and processing into a single unified platform is unique and positions it as the de facto technology leader in the category. He expects outsized gains.
该分析师表示，Confluent将事件流和处理引入单一统一平台的能力是独一无二的，并将其定位为该类别中事实上的技术领导者。他预计会有巨大的收益。
Also Read: Confluent Has Big Potential in Cloud Expansion and Flink Launch, Analyst Gives A Thumbs Up
另请阅读： 分析师竖起大拇指，Confluent 在云扩张和 Flink 发布方面潜力巨大
The analyst calculated Confluent's total addressable market (TAM) at $51.6 billion in 2022, growing at a 14% five-year CAGR to $98.4 billion by 2027.
该分析师计算，2022年Confluent的总潜在市场（TAM）为516亿美元，五年复合年增长率为14％，到2027年达到984亿美元。
Based on his 2024 revenue estimate, Confluent has barely tapped this TAM at a 1.3% share.
根据他在2024年的收入估计，Confluent几乎没有将该TAM的份额提高到1.3％。
As per Kidron, Confluent's multi-pronged land-and-expand model reflects its wide reach into the open-source community (Apache Kafka/Flink) and evolving maturity (on-prem, Cloud, enterprise focus).
根据Kidron的说法，Confluent的多管齐下的陆地和扩展模式反映了其对开源社区（Apache Kafka/Flink）的广泛影响和不断变化的成熟度（本地、云端、企业为重点）。
The analyst noted Confluent is firmly positioned to benefit from the rising importance of real-time data in applications/analytics use cases. It has a large TAM, a growing market share, and competitive leadership.
该分析师指出，Confluent有能力从实时数据在应用程序/分析用例中日益增长的重要性中受益。它拥有庞大的TAM，不断增长的市场份额和竞争领导地位。
Also, Confluent is set for solid growth as it leverages a successful land-and-expand model, adds more enterprises, deepens account penetration, and drives cloud adoption.
此外，Confluent利用成功的土地和扩张模式，增加更多企业，深化客户渗透率并推动云采用，将实现稳健增长。
These, combined with technological leadership as the de facto standard for modern-day event brokers (Kafka) and event stream processing (Flink), made Kidron bullish on Confluent's ability to outperform market expectations and sustain above-market growth for the foreseeable future.
这些，再加上作为现代事件经纪商（Kafka）和事件流处理（Flink）事实上的标准的技术领先地位，使Kidron看好Confluent在可预见的将来表现超出市场预期并在可预见的将来维持高于市场的增长的能力。
Kidron projected revenue growth of +23% and +25% in calendar years 2024 and 2025 and noted multiple levers, including growing large customer adoption, direct sales motion traction, accelerated adoption of Confluent Cloud, and a sizeable open-source pipeline.
Kidron预计，在2024年和2025日历年中，收入将增长23％和+ 25％，并指出了多种杠杆，包括越来越多的客户采用率、直销活动吸引力、加速采用Confluent Cloud以及庞大的开源渠道。
While he expects aggressive product and GTM investment to drive this growth, he also believes Confluent is on target for FCF breakeven in calendar 2024 and can deliver operating margin improvement as revenue scales.
尽管他预计激进的产品和GTM投资将推动这一增长，但他也认为Confluent的目标是在2024年实现FCF盈亏平衡，并且可以随着收入的扩大实现营业利润率的提高。
Confluent stock gained over 18% in the last 12 months. Investors can gain exposure to the stock via ProShares Big Data Refiners ETF (NYSE:DAT) and Spear Alpha ETF (NASDAQ:SPRX).
在过去的12个月中，Confluent的股票上涨了18％以上。投资者可以通过ProShares大数据炼油商ETF（纽约证券交易所代码：DAT）和Spear Alpha ETF（纳斯达克股票代码：SPRX）获得股票敞口。
Price Action: CFLT shares traded higher by 1.40% at $31.97 at the last check Friday.
价格走势：在周五的最后一次支票中，CFLT股价上涨1.40％，至31.97美元。
Photo by T. Schneider via Shutterstock
照片由 T. Schneider 通过 Shutterstock 拍摄