Loop Capital lowered the firm’s price target on Confluent (CFLT) to $22 from $30 and keeps a Hold rating on the shares. The firm’s proprietary industry checks and feedback indicates a solid, steady cloud consumption trend in the quarter, though checks didn’t reveal any incrementally positive or negative feedback regarding its current business, the analyst tells investors in a research note. The firm continues to expect much of the past quarters’ business trends to continue.
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Read More on CFLT:
- Confluent price target lowered to $29 from $37 at Barclays
- Confluent price target lowered to $25 from $32 at Morgan Stanley
- Confluent price target lowered to $34 from $41 at TD Cowen
- Confluent price target lowered to $30 from $38 at Mizuho
- Confluent Stock Rated ‘Sell’ Due to Unfavorable Valuation and Growth Prospects