JMP Securities Maintains Market Outperform on Confluent, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens has maintained a Market Outperform rating on Confluent (NASDAQ:CFLT) and increased the price target from $38 to $40.
May 08, 2024 | 5:54 pm
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JMP Securities has reaffirmed its Market Outperform rating on Confluent and raised its price target from $38 to $40.
The increase in price target by JMP Securities suggests a positive outlook on Confluent's stock, likely due to strong performance or favorable market conditions. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100