TD Cowen Maintains Buy on Confluent, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Derrick Wood maintains a Buy rating on Confluent (NASDAQ:CFLT) but lowers the price target from $31 to $27.

September 20, 2024 | 4:52 pm
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TD Cowen analyst Derrick Wood maintains a Buy rating on Confluent but lowers the price target from $31 to $27, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in Confluent's performance, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100