B of A Securities Downgrades Confluent to Underperform, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brad Sills has downgraded Confluent (NASDAQ:CFLT) from Neutral to Underperform and set a price target of $24.

November 02, 2023 | 12:34 pm
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Confluent has been downgraded from Neutral to Underperform by B of A Securities, with a new price target of $24.
The downgrade from B of A Securities is a negative signal for Confluent. The new price target of $24 suggests that the analyst believes there is downside potential for the stock. This could lead to selling pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100