Canaccord Genuity Downgrades Confluent to Hold, Announces $26 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kingsley Crane has downgraded Confluent (NASDAQ:CFLT) from Buy to Hold and set a price target of $26.

November 02, 2023 | 3:26 pm
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Confluent's stock has been downgraded from Buy to Hold by Canaccord Genuity, with a new price target of $26.
The downgrade from Buy to Hold suggests that the analyst believes the stock's upside potential is limited in the short term. The new price target of $26 could also indicate a potential downside, depending on the current trading price. This could negatively impact the stock's price in the short term.
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