TD Cowen Maintains Buy on Confluent, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Derrick Wood maintains a Buy rating on Confluent (NASDAQ:CFLT) but lowers the price target from $34 to $31.

August 01, 2024 | 6:53 pm
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TD Cowen analyst Derrick Wood maintains a Buy rating on Confluent but lowers the price target from $34 to $31.
The 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