Confluent price target lowered to $28 from $32 at Citi

Citi analyst Tyler Radke lowered the firm’s price target on Confluent to $28 from $32 and keeps a Neutral rating on the shares as part of a Q2 earnings preview for the analytics software space. While Citi is more constructive medium-term on the data and analytics group as a beneficiary of generative artificial intelligence tailwinds, it believes Q2 “will still be somewhat choppy.”