UBS Maintains Neutral on Confluent, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead maintains a Neutral rating on Confluent (NASDAQ:CFLT) but raises the price target from $23 to $26.
October 31, 2024 | 7:31 pm
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UBS analyst Karl Keirstead maintains a Neutral rating on Confluent but raises the price target from $23 to $26, indicating a positive outlook.
The increase in the price target from $23 to $26 suggests a positive outlook for Confluent, which could lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100