TD Cowen lowered the firm’s price target on Confluent to $27 from $39 and keeps an Outperform rating on the shares. The firm said the company is changing its cloud GTM comp structure to be fully consumption-based, which is expected to add near-term disruption.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CFLT:
- Confluent price target lowered to $30 from $40 at Piper Sandler
- Confluent price target lowered to $26 from $39 at Barclays
- Confluent price target lowered to $25 from $41 at JMP Securities
- Confluent downgraded to Underperform at BofA on ‘disappointing’ outlook
- Confluent downgraded to Underperform from Neutral at BofA