Baird analyst William Power lowered the firm’s price target on Confluent (CFLT) to $20 from $24 and keeps a Neutral rating on the shares. The firm updated its model following Q2 results wherelarger customer concerns and weaker NRR weigh on the shares.
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Read More on CFLT:
- Confluent price target lowered to $27 from $32 at Piper Sandler
- Confluent price target lowered to $29 from $31 at Guggenheim
- Confluent price target lowered to $26 from $32 at Oppenheimer
- Confluent price target lowered to $24 from $28 at Mizuho
- TD Cowen downgrades Confluent, says challenges could take time to fix