Piper Sandler Maintains Overweight on Confluent, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens has maintained an Overweight rating on Confluent (NASDAQ:CFLT) but lowered the price target from $40 to $30.
November 02, 2023 | 7:44 pm
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Confluent's price target has been lowered from $40 to $30 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler could potentially lead to a decrease in Confluent's stock price in the short term. However, the maintained Overweight rating indicates that the analyst still sees potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100