Truist Securities Maintains Buy on Confluent, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein has maintained a 'Buy' rating on Confluent (NASDAQ:CFLT) but lowered the price target from $42 to $27.
November 02, 2023 | 7:39 pm
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NEGATIVE IMPACT
Confluent's price target has been lowered from $42 to $27 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities indicates a potential decrease in the short-term value of Confluent's stock. However, the maintained 'Buy' rating suggests that the analyst still sees long-term potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100