Confluent shares are trading higher after Needham initiated coverage on the stock with a Buy rating and $35 price target.
Portfolio Pulse from Benzinga Newsdesk
Needham initiated coverage on Confluent with a Buy rating and a $35 price target, causing the shares to trade higher.
May 30, 2023 | 4:49 pm
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Confluent's stock price is trading higher after Needham initiated coverage with a Buy rating and a $35 price target.
The Buy rating and $35 price target from Needham, a reputable financial institution, indicate a positive outlook for Confluent's stock. This news is likely to attract more investors, driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100