Needham Maintains Buy on Confluent, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has reaffirmed a Buy rating on Confluent (NASDAQ:CFLT) and increased the price target from $23 to $30.
January 02, 2024 | 10:43 am
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Needham analyst Mike Cikos has maintained a Buy rating on Confluent and raised the price target from $23 to $30, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a positive sentiment towards the company's future performance and can lead to a short-term increase in stock price as investors react to the news.
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