Wolfe Research Upgrades Confluent to Outperform, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Allan Verkhovski has upgraded Confluent (NASDAQ:CFLT) from Peer Perform to Outperform and set a price target of $21.
November 03, 2023 | 9:42 am
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Confluent has been upgraded to Outperform from Peer Perform by Wolfe Research, with a new price target of $21.
The upgrade from Wolfe Research is a positive signal for Confluent. The new rating of 'Outperform' suggests that the analyst believes the company will do better than its peers in the market. The price target of $21 also indicates an expected increase in the stock's value. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100