Evercore ISI Group Maintains Outperform on Confluent, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Confluent (NASDAQ:CFLT) but has lowered the price target from $33 to $28.
September 20, 2024 | 12:55 pm
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Evercore ISI Group has maintained an 'Outperform' rating on Confluent but reduced the price target from $33 to $28, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in Confluent's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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IMPORTANCE 80
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