JP Morgan Upgrades Confluent to Overweight, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora has upgraded Confluent (NASDAQ:CFLT) from Neutral to Overweight and set a price target of $25.
August 09, 2024 | 11:09 am
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JP Morgan analyst Pinjalim Bora has upgraded Confluent from Neutral to Overweight and set a price target of $25.
The upgrade from Neutral to Overweight by a major financial institution like JP Morgan is likely to positively impact Confluent's stock price in the short term. The new price target of $25 suggests confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100