Citi analyst Tyler Radke lowered the firm’s price target on Confluent (CFLT) to $20 from $30 and keeps a Neutral rating on the shares. The company reported a challenging Q2 as cloud optimization from its top 20 customers pressured the outlook, the analyst tells investors in a research note. The firm sees Confluent’s cloud growth remaining pressured into the first half of 2026.
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: