Wells Fargo Maintains Overweight Rating for Confluent: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Confluent (NASDAQ:CFLT) and raised its price target from $35.00 to $41.00. Confluent's shares are currently trading down 6.83% at $34.60 per share.
June 14, 2023 | 5:01 pm
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Wells Fargo maintains Overweight rating for Confluent and raises price target from $35 to $41. Confluent's shares are trading down 6.83% at $34.60.
Wells Fargo's decision to maintain its Overweight rating and raise the price target for Confluent indicates a positive outlook for the stock. This could lead to an increase in investor confidence and potentially drive the stock price up in the short term. However, the current 6.83% decline in share price may create some uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100