Loop Capital analyst Yun Kim lowered the firm’s price target on Confluent (CFLT) to $30 from $34 and keeps a Hold rating on the shares after its Investor Day presentation. The management team clearly articulated why Confluent is one of the best positioned software companies in the current age of AI, the analyst tells investors in a research note. The firm is reducing its price target however to reflect multiple compressions in the market and its software peer group over the past month, Loop added.
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