Canaccord Genuity Upgrades Confluent to Buy, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kingsley Crane upgrades Confluent (NASDAQ:CFLT) from Hold to Buy and raises the price target from $28 to $35.

May 08, 2024 | 12:03 pm
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Canaccord Genuity upgraded Confluent to Buy from Hold and increased the price target to $35 from $28.
Upgrades by analysts, especially from reputable firms like Canaccord Genuity, often lead to short-term positive momentum in the stock price as market perception shifts. The increase in price target to $35 from $28 suggests a significant upside potential from the current trading levels, which can attract more investors to the stock, driving up its price in the short term.
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IMPORTANCE 90
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