Core Insights - Confluent Inc reported better-than-expected earnings for Q3, with earnings of 13 cents per share, surpassing the analyst consensus estimate of 10 cents per share [1] - The company achieved quarterly sales of $298.537 million, exceeding the analyst consensus estimate of $292.871 million [1] - Confluent raised its FY2025 adjusted EPS guidance from $0.36 to a range of $0.39-$0.40 [1] Financial Performance - Confluent experienced a 24% year-over-year growth in Confluent Cloud revenue [2] - There was a 43% year-over-year growth acceleration in remaining performance obligations, indicating strong consumption growth and customer commitment [2] Market Reaction - Following the earnings announcement, Confluent shares increased by 11% to $24.51 in pre-market trading [2] Analyst Ratings and Price Targets - Morgan Stanley maintained an Equal-Weight rating and raised the price target from $25 to $27 [5] - Piper Sandler maintained an Overweight rating and increased the price target from $27 to $28 [5] - Baird maintained a Neutral rating and raised the price target from $20 to $26 [5] - Stephens & Co. maintained an Overweight rating and boosted the price target from $25 to $29 [5] - Barclays maintained an Overweight rating and increased the price target from $24 to $27 [5]