RBC Capital Maintains Outperform on Confluent, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Confluent (NASDAQ:CFLT) and increased the price target from $37 to $40.
May 08, 2024 | 6:56 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Confluent and raised the price target from $37 to $40.
The upgrade in price target by a reputable analyst like Matthew Hedberg suggests a strong confidence in Confluent's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100