Baird Maintains Neutral on Confluent, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power maintains a Neutral rating on Confluent (NASDAQ:CFLT) and raises the price target from $23 to $28.
October 31, 2024 | 12:16 pm
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Baird analyst William Power has maintained a Neutral rating on Confluent and increased the price target from $23 to $28, indicating a positive outlook.
The increase in price target from $23 to $28 suggests a positive outlook for Confluent, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100