Stephens raised the firm’s price target on Confluent (CFLT) to $29 from $25 and keeps an Overweight rating on the shares. The firm sees “four key improvements” overshadowing the key concern of future big customer moves to on-premise, the analyst tells investors in a post-Q3 note.
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>>
Read More on CFLT:
- Confluent price target raised to $27 from $25 at Morgan Stanley
- Confluent’s Mixed Signals: Hold Rating Amidst Growth and Execution Challenges
- Confluent price target raised to $28 from $27 at Piper Sandler
- Confluent price target raised to $30 from $24 at Wells Fargo
- Confluent price target raised to $27 from $24 at Barclays