Morgan Stanley Maintains Overweight on Confluent, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on Confluent (NASDAQ:CFLT) and raised the price target from $30 to $40.
August 04, 2023 | 1:31 pm
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Morgan Stanley has maintained an Overweight rating on Confluent and raised the price target from $30 to $40, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Confluent's stock will outperform the market in the future. The increase in the price target from $30 to $40 suggests that they expect the stock price to rise significantly. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100