JMP Securities Maintains Market Outperform on Confluent, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on Confluent (NASDAQ:CFLT) but has lowered the price target from $41 to $25.
November 02, 2023 | 7:16 pm
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NEGATIVE IMPACT
Confluent's price target has been lowered from $41 to $25 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities indicates a potential decrease in the stock's value. However, the maintained Market Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100