Bernstein Maintains Outperform on Confluent, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Peter Weed maintains an Outperform rating on Confluent (NASDAQ:CFLT) but lowers the price target from $38 to $33.
October 25, 2024 | 11:55 am
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Bernstein analyst Peter Weed maintains an Outperform rating on Confluent but lowers the price target from $38 to $33.
The Outperform rating suggests continued confidence in Confluent's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100