Confluent price target lowered to $24 from $28 at Mizuho

Mizuho analyst Gregg Moskowitz lowered the firm’s price target on Confluent (CFLT) to $24 from $28 and keeps an Outperform rating on the shares. The company reported a “surprisingly weaker than expected” Q2, the analyst tells investors in a research note. While disappointed, the firm continues to expect data streaming adoption will go much higher over the medium-term and benefit Confluent.