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Confluent price target lowered to $24 from $32 at DA Davidson

DA Davidson lowered the firm’s price target on Confluent (CFLT) to $24 from $32 and keeps a Buy rating on the shares. The company’s Q2 results were slightly ahead of estimates and revenue guidance was inched higher due to Platform strength, but optimizations continued in the quarter, impacting Cloud consumption growth, the analyst tells investors in a research note.

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