Morgan Stanley Maintains Overweight on Confluent, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on Confluent (NASDAQ:CFLT) but lowered the price target from $40 to $27.
November 02, 2023 | 4:14 pm
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Morgan Stanley has maintained an Overweight rating on Confluent but lowered the price target from $40 to $27.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in Confluent's stock price in the short term. However, the maintained Overweight rating indicates that the firm still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100