Deutsche Bank Maintains Buy on Confluent, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Brad Zelnick maintains a Buy rating on Confluent (NASDAQ:CFLT) but lowers the price target from $35 to $30.
August 01, 2024 | 6:01 pm
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NEUTRAL IMPACT
Deutsche Bank analyst Brad Zelnick maintains a Buy rating on Confluent but lowers the price target from $35 to $30.
The maintained Buy rating suggests continued confidence in Confluent's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100