Mizuho Maintains Outperform on Confluent, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Gregg Moskowitz maintains an Outperform rating on Confluent (NASDAQ:CFLT) but lowers the price target from $31 to $29.
October 17, 2024 | 12:05 pm
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Mizuho analyst Gregg Moskowitz maintains an Outperform rating on Confluent but lowers the price target from $31 to $29, indicating a slight decrease in expected valuation.
The Outperform rating suggests continued confidence in Confluent's performance, but the lowered price target indicates a slight reduction in expected valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100