RBC Capital Initiates Coverage On Confluent with Outperform Rating, Announces Price Target of $22
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has initiated coverage on Confluent (NASDAQ:CFLT) with an Outperform rating and a price target of $22.
November 06, 2023 | 2:34 pm
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Confluent has been given an Outperform rating by RBC Capital, with a price target of $22.
The Outperform rating from RBC Capital indicates that they expect Confluent's stock to do better than the market average. This could lead to increased investor interest and potentially a rise in the stock's price. The price target of $22 also suggests that RBC Capital sees significant upside potential in the stock.
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